Description: Article from The Actuary, June 1983, volume no. 17, issue no. 6, that discusses the New South Life Case which happens to be one of the mercifully few life companies in which a major deficit has been directly linked to miscalculation of policy reserves.

Description: This paper, presented at the Eastern Spring Meeting of the Society of Actuaries, held March 24-25, 1960 in Washington, D.C., provides the results of an experience study of first year lapse and “default” rates on ordinary insurance, where the author, Norman F. Buck, has defined “default” rate as a rate including the sum of first year lapses, not takens, and cancellations as of the issue date. The paper includes written discussion and the author’s review of the discussion. From the 1960 Transactions Vol. 12, No. 33.