Description: This open forum at the SOA 2004 Annual Meeting focuses on emerging U.S. GAAP issues and the new Statement of Position [SOP] with emphasis placed upon implementation issues, purchase GAAP accounting, and replacements or policy changes.

Description: Panelists from U.S. and Canada describe their GAAP experience and address the theoretical and practical issues faced by companies moving from a mutual company to a stock company environment. From a session at the Spring regional meeting of the Society of Actuaries held in Atlanta, Georgia, May 24-25, 1999

Description: This session from the 1984 SOA Atlanta Meeting covers statutory reporting, GAAP reporting, management reporting and accounting treatment of new generation life and annuity products such as universal Life, UL and flexible premium annuities. It also discusses the NAIC proposed regulation for univeral life insurance and the actuarial opinion required under the regulation.

Description: This session at the SOA 1990 Hartford Spring Meeting is about mutual company GAAP including defining what GAAP means for mutual companies, contrasting it with stock company GAAP, and discussing implementation issues. Alternative Minimum Tax is also discussed.

Description: This 1978 presentation discusses the recommendation made by the Canadian Institute of Chartered Accountants to move to a GAAP basis for reporting for life insurance companies. The primary purposes would be to report earnings on a going concern basis, rather than on a basis dominated by solvency considerations, and to promote improved comparability of reported financial results among companies.

Description: The panel discussed the accounting profession's attempts to codify an area that has long been subject to a wide variety of practice. Topics covered: 1. Accounting under the various methods of acquisitions: pooling of interests, purchase of stock, assumption reinsurance, indemnity reinsurance. 2. Benefit reserve approaches under Statement of Financial Accounting Standards 60 within the context of defined-valuation premium approach versus defined-initial reserve approach. 3. Approaches to determination of discount rate for the present value of future profits and purchase date 4. Effect of differing levels of goodwill on earnings accretion versus dilution.

Description: The panelists at this session of the SOA 2003 Washington, DC Spring Meeting discuss recent GAAP activities including new Standards of Practice for new nontraditional products and internal replacements. Developments at the FASB and SEC are also discussed.

Description: Panelists at this session of the SOA 2004 San Antonio Spring Meeting discuss the implications of a Statement of Position [SOP-03-1]. Reserving issues related to common features of variable annuities, universal life and variable universal life are explored.

Description: This session presented at the SOA's 1976 Houston Spring Meeting will describe the basic features of Life Insurance GAAP accounting as applied to stock life insurance companies, both from an accountant's and an actuary's point of view.

Description: This session at the SOA 1998 Maui I Spring Meeting discusses GAAP financial reporting in terms of the types of management information GAAP provides, how to interpret that information, and how to measure emerging experience versus expectations. Analysis of GAAP ROE and GAAP source of earnings is presented.