Description: RECORD OF SOCIETY OF ACTUARIES 1976 VOL. 2 NO. 3 This session looks at a variety of proposed laws and regulations on the consumerism front including the U.S. Senate's Consumer Insurance Information and Fairness Act, NAIC cost comparison and disclosure, proposals concerning privacy and risk classification by sex, and Canadian developments.

Description: This presentation is a concurrent session from the 1980 Meeting of the Society of Actuaries, held April 14-15 in Hartford, Connecticut. The panelists discuss basic concepts, such as definition and reasons for risk classification, availability vs. pricing class, equality vs. equity -special interest groups, appropriate factors for classification, and controllable vs. non-controllable factors. They also discuss American Academy of Actuaries work on risk classification, regulation, future company practice, including preferred risk, non-smoker, guaranteed issue etc., substandard practices, reinsurance, changing trends in underwriting, privacy laws, and related topics. Discussion from participants is included. From the Record of Society of Actuaries, Volume 6, No. 1.