Description: Two new Sections are up for consideration under the Society’s I provision for such units. To obtain permission to proceed, the respective organizers must show sufficiently widespread member interest. Any Society member may join.

Description: Affiliate Memberships aren’t new to the Institute of Actuaries, but they are rare. Only 16 such members are listed in its current Year Book of these, however, 6 are in the United States. These actuaries have had “the same rights and privileges as Honorary Members.”

Description: This article discusses three litigation issues: 1. Shelter Framing Corp. v. PBGC: This is a case recently placed on the Appellate Docket of the U.S. Supreme Court being appealed from the Ninth Circuit Court of Appeals. That Circuit Court held that the Multiemployer Pension Plan amendments Act, which imposes liability on employers who withdrew from multiemployer plans, is unconstitutional as applied to employers who withdraw before the Act’s enactment but after its retroactively effective date. 2. Federal Trade Commission: The U.S. District Court for the Eastern District of Pennsylvania has held that an investigation by the FTC into whether finance companies and auto dealerships were engaging in unfair and deceptive practices by representing that purchase of credit life insurance was required as a condition to obtain financing, was not outside the FTC’s power. 3. Baldwin-United Case: Under the rehabilitation plan for Baldwin-United, the Company would refund $3.7 billion to the annuity holders. Several groups are challenging this decision.

Description: Discussion about the need for, and approach to, measuring organizational expertise ton ensure the learning investment is resulting in expertise growth.

Description: International case study discussing life insurance in Ghana.

Description: This article explains how one company, American Life of New York, is using innovative applications to improve and speed the underwriting process.

Description: Column describing shifting paradigm for retirement plan design in North America that highlights recent SOA research project on Target Benefit Plans.

Description: This article is a call for work that has been done in stochastic modeling and papers in the area of of stochastic modeling of investment returns in respect of the maturity and mortality guarantees offered on segregated fund and variable annuity products. These will be used in the symposium on stochastic modeling in September 1999 sponsored by the CIA, SOA and Actuarial Foundation.

Description: Discusses current federal budget proposals that may impact taxation of annuities.

Description: Discusses the need for actuaries to evolve with the needs of the marketplace in order to continue to be relevant and to feel we are successful in our careers.