Description: This discussion reviewed: A. Measures used by smaller companies to deal with below average policy persistency rates, B. The extent to which smaller companies issue policies with little to no retention for their own accounts, C. The extent to which new lines of insurance, such as accident and sickness, and changing distribution of business by line, plan, or age, have caused reconsideration of qualification bases for agency convention and honor awards.

Description: This discussion looks at the changes that have taken place for insurance and annuities in light of the current higher level of interest earnings including the actuarial bases of premium rates, dividend schedules, policy reserves, and settlement option rates. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.