Description: 1990 Valuation Actuary Symposium Proceedings is a workshop on statutory, GAAP and tax issues for the valuation actuary. Various specific state regulations are discussed.

Description: Presented at October 19895 Annual Meeting. This session is about statutory, GAAP and management reporting for new life insurance and annuity products and nontraditional distribution systems.

Description: This session of the 1990 Valuation Actuary Symposium discusses several issues. First, the recoverability of the deferred policy acquisition cost DPAC asset from future revenues. Second, the allocation of mortality, expenses and investment income to the lines of business. Third, treatment of non-deferrable expenses and fourth, unlocking under FAS97 accounting.

Description: This session of the 1990 Valuation Actuary Symposium covers several Statutory, GAAP and Tax topics including the interest assumption for GAAP reserve for investment contracts valued under FAS 97. Also covered are the other assumptions for contracts under FAS97. Additional issues covered is the DAC under Alternative Minimum Tax AMT and the Applicable Federal Rate to use for interest for tax reserves.

Description: Discusses: [1] the effects of Financial Accounting Standard No. 97 [FAS 97] on recoverability and loss-recognition issues, [2] interest-crediting strategy, ways and means of maintaining the planned interest spread, the effects of the various strategies on lapse experience, and the ultimate effect on recoverability of the deferred acquisition costs, and [3] premium-deficiency testing and the modification of interest, mortality, and expense margins to satisfy the question of loss recognition, or lack of the ability to recover the remaining deferred asset. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.