Description: This article is a review of Howard E. Winklevoss and Alwyn V. Powell's Continuing Care Retirement Communities: An Empirical, Financial and Legal Analysis. The book discusses the actuarial aspects of a CCRC, especially the establishment of fee structures.

Description: This paper introduces continuing care retirement communities and outlines the major recent developments in financing procedures and regulatory requirements aimed at keeping these entities solvent. In particular, it describes the Actuarially Based Financial Management System created by the AAA and the accounting Statement of Position 90-8 promulgated by the AICPA. From Transactions of Society of Actuaries 1995 Vol. 47