Description: Presented at June 1986 Spring Meeting. This session will provided an overview of the constraints and opportunities which result from the regulatory controls of the NAIC, SEC, IRS and other local taxing bodies.

Description: This article discusses the Financial Condition Examination Handbook and the Market Conduct Examination Handbook, both of which became effective January 1, 1977 after approval by the Executive Committee of the NAIC. The purpose of this new guidance is to update and simplify the examination process for all insurance companies.

Description: A review of the Flesch formula for measuring the readability of insurance policies

Description: This article consists of excerpts from the author’s presidential address to the Southeastern Actuaries’ Club on November 21, 1980. The author notes ‘the only thing we could all possibly agree on today about the economic situation is that the degree of uncertainty is high,’ and ‘it is this uncertainty that presents us actuaries with professional problems which cannot be addressed by traditional methods.’ In explaining how we can deal with inflation and uncertainty the author argues for repeal of both the Standard Valuation Law and the Standard Nonforfeiture Law.

Description: A discussion of the market opportunities for offering Stable Value Funds across the world.

Description: Article on two key issues affecting life actuaries in Malaysia: RBC and Takaful licenses.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 Prior to 1999, Glass-Steagall legally separated banking, brokerage, and insurance activities. Enactment of the Gramm-Leach-Bliley Financial Modernization Act brings “down the walls,” separating these financial industries. This session talks about the financial services modernization law and the impact it will have.

Description: This concurrent session took place at the 1975 Society of Actuaries Spring Meeting in New York, held in April. The presenters addressed various aspects of agency compensation and consumerism including the objectives of a compensation system, the services performed by the agent, how consumers view agent compensation, how the commission structure affects an agent’s advice, the impact of inflation on agents’ earnings, possible improvements to agent compensation, and regulation of “fair value” of insurance.

Description: Discussion of an Actuarial Guideline dealing with the regulation of minimum cash values for return of premium term, a new product in life insurance.

Description: Part 2 of a discussion of the Chinese life insurance market with an emphasis on regulatory, investment, tax, and professional development issues.