Description: A roundtable discussion of the new international accounting standards and the possible implications for all insurers.

Description: A discussion about the Taxation Section goals and accomplishments including meetings, webinar program, volunteering and research activities.

Description: This article discusses risk transfer and how difficult it is to define and describe. For actuaries, the challenge is to develop an analytical framework under which the presence of insurance risk can be identified and assessed.

Description: The interaction of section 7702 cash value accumulation test [CVAT] and state nonforfeiture laws [SNFL] create a dual limitation on traditional life insurance contratcs. CVAT limiting the maximum permissible cash value and SNFL requiring a minimum cash surrender value. This article examines these dual limitations.

Description: This article describes the transfer pricing rules applicable to life reinsurance transactions generally, and then outlines a methodology for testing life reinsurance transactions to demonstrate compliance with transfer pricing standards applied by tax authorities.

Description: Author traces the tax treatment of deficiency reserves, beginning with the 1959 Act, illustrating how the decisions made in the development of the 1959 Act continue to affect the tax treatment of those reserves today.

Description: A discussion of: the value of a life insurance contract distributed from a qualified pension plan, IRS industry director directive on the DRD for life insurance separate accounts and IRS actuaries raising new issues on AG 34 tax reserves.

Description: Discusses the federal income tax aspects of reserves for term and secondary-guarantee UL, as regulated by XXX and AXXX.

Description: This paper discusses which life insurance products are qualified under Section 7702 of the Internal Revenue Code so that the death benefit proceeds are excluded from the taxable income of the beneficiary. From Transactions of Society of Actuaries 1988, Vol. 40, Pt. 1.

Description: This session from the 1984 SOA Atlanta Meeting covers the reasons for employer sponsored life insurance, the special distribution system requirements, the critical administrative considerations and the products which serve the market most effectively. There is a brief discussion on how unisex rates - the Norris decision - will affect the products offered.