Description: From the 1985 Valuation Actuary Symposium. A discussion of the principles that should be part of a life insurance valuation. Also discussion of emerging actuarial professional standards of practice and regulatory requirements with respect to methodology for assessing reserve adequacy.

Description: This paper discusses the following cases: Rudolph V. United States- concerning taxability of agent convention travel, State Board Insurance v. Todd Shipyards Corporation- concerning premium tax for unlicensed insurers, United Services Life Insurance Company v. Delaney- concerning aviation restrictions in a life insurance policy, Metropolitan Life Insurance Company v. Wood- concerning conditional approval, Hartford Live Stock Insurance Company v. Phillips- concerning livestock insurance with an undisclosed pre-existing condition, State Security Life Insurance Company v. Kinter- concerning the due date for monthly premiums to prevent lapsation.

Description: 1993 SOA Meeting, Quebec. This session is about product trends, state regulations, disclosure requirements and tax status. Topics included: 1. The development of the NAIC model regulation on accelerated benefits. 2. Some state-specific responses to accelerated benefit products. 3. The tax status of accelerated benefits. 4. ACLI comments regarding several shortcomings in the model regulation.

Description: 1993 SOA Meeting, Quebec. Actuaries doing reserve testing under new valuation standards face decisions as to how to test for the C-1 or asset default risk. Related topics discussed: 1. The different purposes of evaluating C-1 risk. 2. Some of the evaluation methodologies used. 3. The sources of data to make your assumptions. 4. Some real-life issues and problems, focusing specifically on mortgage loans. 5. An overview of the Society's Credit Risk Study which looked at private placement and mortgage loan credit losses. 6. Practical considerations in modeling C-1 risk and living up to the applicable professional standards.

Description: This session from the 1995 SOA New York City Meeting discusses using equities to support long term liabilities covering the following topics: rates, pricing implications, derivatives, GAAP and risk-based capital RBC implications. From the Record of the Society of Actuaries, Vol. 21, No. 2.

Description: This session from the 1995 SOA Boston Meeting reviews the effects on term insurance product design of reserve requirements resulting from the NAIC's XXX and New York Regulation 147 and the pricing implications on term and universal life UL. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: This 1977 panel discussion focused on state versus federal regulation of insurance. Topics included: 1. Current activity in elimination of McCarran Act 2. Industry attitude toward Federal regulation 3. Cost of state regulation 4. Impact on actuaries of a Federal structure

Description: This panel discussion session looked at recent and proposed regulation of life insurance underwriting. Specific topics included: i. Problems with traditional underwriting classifications: privacy, disclosure, anti-discrimination, etc. 2. New and acceptable classifications: smoking, lifestyle, build, blood pressure, finances, etc. 3. Possible transition problems: existing policies, persistency, coordination of previous data with newer classes, etc.

Description: Discussion of anticipated marketing and pricing considerations of Group Insurance in the 1980's including: a. Regulatory environment including National Health Insurance b. Economic and growth potential c. Competition including Health Maintenance Organizations d. Technology e. Evolving role of employee benefits f. Products g. Pricing considerations h. Marketing approaches Also, discussion of the 1960's and the 1970's a. Major influences b. Benefit changes c. Alternate funding approaches 2. The 1980's environment a.

Description: This session from the 1983 SOA Hollywood, Florida Meeting discusses deregulation of life insurance, how much deregulation would be desirable, the regulatory environment in Canada and the desirability of state regulation versus federal regulation. Record of Society of Actuaries Vol. 9, No. 4.