Description: This session at the SOA 1962 Jacksonville and Chicago Regional Meetings discussed current underwriting issues including the numerical rating system, mortality experience, and underwriting for pilots and immigrants.

Description: This discussion at the 1966 Washington Regional Meeting, Small Company Forum covers several topics as they relate to smaller insurance companies - Combination Company Problems, Product Design, Reinsurance, SEGLI conversions, and Adusting earnings for Value of InForce in the Annual Statement.

Description: This discussion at the SOA 1962 Jacksonville and Chicago Regional Meetings focuses on family coverages and associated issues.

Description: Topics cover: 1. Leased life insurance, wherein a policyholder assigns his insurance to a service company and then leases his coverage for a specified term by paying a level fee. The pros and cons, underwriting issues and volume of sales related to this practice is discussed. 2. Agent training and methods of agency support.

Description: The primary purpose of this paper is to present some current company practices with respect to term insurance, and the respective cash value requirements imposed by the state insurance departments. Submitted papers from several authors discussing the report followed.

Description: This report explores ratemaking, examines the relationship of gross premiums and profit margins, suggests criteria for measuring contingency and profit margins, discusses the types of assumptions suitable for calculating nonparticipating rates and presents the mathematical technique to determine the premium. A discussion of the paper follows.

Description: This discussion at the SOA 1968 Philadephia and Los Angeles Regional Meetings covers adjusted earnings for insurance companies including definition, how it is used, and approaches for different lines of business.

Description: Gross premium calculation methods may be arbitrarily separated into: a- Type 1 methods those which initially have commissions and other per cent of premium expenses in the denominator and b- Type 2 methods those which initially have commissions and other per cent of premium expenses in the numerator. The traditional Type 1 methods directly calculate the gross premium. The purpose of this paper is: 1. to present a Type 1 method of gross premium calculation which does the following: a Incorporates the cost of reinsurance into the gross premium calculation and may be shown as a level annual cost over the gross premium calculation period. b Calculates the effect on profit margins of a change in the retention limit without redoing the original calculation. c Calculates the premiums needed to break even e.g., amortize the initial investment in surplus at the end of each policy year as a by-product. d Calculates the profit or loss generated in each policy year or over any number of policy years for any gross premium without redoing the original calculation or first using a trial gross premium. e Directly solves for the gross premium that will produce any specified profit over any number of policy years without redoing the original calculation or first using a trial gross premium. f Directly solves for the premium that will produce a specified yield on surplus invested in new business by a flexible technique not first involving the use of the renewal net premium or any other preliminary gross premium. 2. to provide a mathematical definition of a financially meaningful average policy size which recognizes the cost of reinsurance. 3. to provide for mathematical definitions of common measures of profit, and the mathematical relationships between them. 4. To establish formulas expressing the effect of changes in various assumptions used in the gross premium calculation as a lev

Description: This article contains reviews of the following books: 1. 'Medicare' by Robert J. Myers, 2. 'Theory and Problems of Numerical Analysis' by Francis Scheid, 3. 'A Short Introduction to Numerical Analysis' by M. V. Wilkes, 4. 'Introductory Numerical Analysis' by Anthony J. Pettofrezzo, 5. 'Insurance Coverage for Mental Illness' by J. F. Follmann, Jr., 6. 'The Demograpky of Tropical Africa' by William Brass et al., 7. 'Successful Profit Sharing Plans: Theory and Practice' by Donald X. Murray, 8. 'Cost Facts on Life Insurance' edited by Price Gaines, Jr., and 9. 'Life Insurance Theory and Practice' by Robert I. Mehr. Notices of other studies and articles are also included. From Transactions of Society of Actuaries 1970, Vol. 22, Pt. 1, No. 64.

Description: This is a discussion of the paper, A General Method of Calculating Experience Net Extra Premiums Based on the Standard Net Amount at Risk by Walter Shur.