Description: This presentation is a concurrent session from the 1991 Meeting of the Society of Actuaries, held April 18-19 in New Orleans. The panelists present the history and current status of the mandatory securities valuation reserve, ‘MSVR,’, discuss the work of the Ward Committee, established by the National Association of Insurance Commissioners to review and recommend changes to the MSVR, and discuss the regulatory viewpoint, including solvency, risk-based capital, Regulation 126, and the AVR or asset valuation reserve. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 1.

Description: This open forum was presented as Session 8A at the 1987 Valuation Actuary Symposium. The panelists discuss participating insurance, and how it differs from other lines of business under the Valuation Actuary concept. The topics covered include cash flow analysis and testing, asset liability management, and investment strategy. The presentation notes that the focus of asset liability management for participating insurance is not the guaranteed values, but rather maximizing dividends consistent with policyholder expectations. Comments from attendees are included.

Description: This session at the SOA 1990 San Francisco Spring Meeting is about the relationship between product design and investment policy. The focus is on a review of investment metircs, discussion of option adjusted spreads, and the use of total return from equity investments to support insurance products.

Description: Panelists at this session of the SOA 1998 Maui I Spring Meeting discuss a proposed American Academy of Actuaries Life and Health Actuarial Task Force study of current valuation methods applicable to life insurance, annuities, and health insurance. As a result of new products, such as equity indexed annuities, the current formula driven reserving system is in need of basic change.

Description: From a panel discussion session at the 2002 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, September 19–20, 2002 Panelists discuss the embedded value process, including discount rate, uses for embedded value reporting and implementation issues. Also included a discussion of fair value accounting methodology.

Description: Presented at October 1996 Annual Meeting. Discusses the latest additions to the Handbook, recent developments/requirements in Canada, and current research to support the Dynamic Financial Condition Analysis Handbook.

Description: At this session 138OF of the New York Annual Meeting panelists provide a brief history of the unified valuation system concept, including objectives, and discuss intended users of the output from the system. A progress report on the proposed valuation law is also presented. From the Record of the Society of Actuaries, Vol. 24, No. 3.

Description: This presentation is a Teaching Session, number 6TS, from the 2000 Valuation Actuary Symposium, held September 14-15 in Washington, DC. Late in 1999, the National Association of Insurance Commissioners [NAIC] adopted Codification of Statutory Accounting Principles. With a targeted uniform compliance date of January 1, 2001, insurers need to focus their attention on the implementation impacts associated with codification. The instructors provide a brief introduction to codification, and discuss the impacts that codification might have on life insurance companies, including: changes in accounting treatment and their impact on surplus and risk-based capital required changes in operational policies and procedures and changes in the annual and quarterly statement reporting process. Discussion from participants is included.

Description: Presented at May 2002 Spring Meeting. This session covers NAIC 2001 changes to RBC requirements, the impact they have had on regulators, the rating agency reaction and proposed changes for 2002.

Description: Presented at May 2002 Spring Meeting. This session examines how the revised version of the Valuation of Life Insurance Policies 'XXX' has been implemented in many states for two years and provides updates on various aspects of XXX.