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New Products Accounting Alternatives
relative levels of risks and functions performed. The primary performance and risk elements in a UL contract ... premium over the net premium) should be recognized in direct relation to premium revenues. In the absence of ...- Authors: Edward F Bader, Shane A Chalke, Rex D Hemme, Linda L Wein
- Date: Jun 1985
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Record of the Society of Actuaries
- Topics: Annuities>Individual annuities; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>Statutory accounting; Life Insurance>Universal life
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General
company issues policies with guaranteed changes, care must be taken to see that no adverse selection can ... expenses increases with age as the cost of medical care rises, while earned income normally decreases.- Authors: Society of Actuaries
- Date: May 1957
- Competency: External Forces & Industry Knowledge>External forces and business performance; Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Transactions of the SOA
- Topics: Actuarial Profession>Qualifications; Annuities>Individual annuities; Life Insurance