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Latest News from the NAIC
regulation the effective dates are January 1, 1994 for direct business, and January 1, 1995 for reinsurance assumed ... reserves. articles that I have read mention that the primary objective of product design is avoid deficiency ...- Authors: Howard H Kayton, Daniel J Kunesh, Donald Maves, Dennis L Stanley
- Date: May 1994
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Financial Reporting & Accounting>Statutory accounting; Public Policy
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XXX Update
my management was thrilled to hear that. The primary cause of the very high reserves was the retroactivity ... built into our statute. It gives the commissioner direct authority to withhold approval of any policy ...- Authors: Robert W Foster, Larry M Gorski, Donald Maves, Michael Palace
- Date: May 1999
- Competency: External Forces & Industry Knowledge
- Publication Name: Record of the Society of Actuaries
- Topics: Life Insurance>Reserves - Life Insurance; Life Insurance>Term life; Public Policy