Description: This session from the 1993 Valuation Actuary Symposium discusses issues unique to mutual life insurance companies including the definition of a true participating policy, cash flow testing for participating policies, dividends, asset allocation taxation, sources of free surplus for mutual companies and demutualization.

Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held April 18-19 in New Orleans. The panelists discuss level term insurance, preferred risk underwriting, and the impact of proposed NAIC Actuarial Guideline XXX on statutory reserves. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 1.