Description: This session from the 1992 Valuation Actuary Symposium looks at issues concerned with Life and Annuity Valuation, specifically meeting the 50 States Requirements, meeting the NAIC Actuarial Guidelines of valuation requirements, Guideline XXX and its implications and the use of new optional 15-year select factors to be applied to the 1980 CSO.

Description: Introduction to the purposes and roles of “Lifric”, an acronym for the American Academy of Actuaries working group, Life Financial Reporting Committee

Description: Presented at May 1996 Spring Meeting. This session provides an update on current annuity financial reporting topics, including: status of annuity valuation law revisions and proposed Actuarial Guideline GGG.

Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 The session provides a brief overview of a variety of financial reporting topics, most of which were discussed in more detail in the subsequent sessions. The overview included topical issues as follows: • National Association of Insurance Commissioners NAIC Life and Health Actuarial Task Force developments and directions • Other NAIC/regulatory development • American Academy of Actuaries AAA/Actuarial Standards Board ASB developments • Financial Accounting Standards Board/Security Exchange Commission FASB/SEC and Generally Accepted Accounting Principles GAAP developments • Tax developments • Reinsurance development • Gramm-Leach-Bliley Financial Modernization Act

Description: 1993 SOA Meeting, Quebec. This session is about FAS 97 including assumption setting, timing issues, unlocking of assumptions and restatement of unamortized acquisition costs, purchase accounting, and handling the EITF ruling.

Description: This forum presents the latest developments at the FASB, AICPA, NAIC, SEC, and Actuarial Standards Board ASB including the actuarial opinion memorandum 'AOM' and the standard valuation law. From the Record of the Society of Acturaries, Vol. 21, No. 2.