Description: This discussion presents a few comments on the legislative situation with regard to health care for the aged in the United States. From Transactions of Society of Actuaries 1961, Vol. 13, No. 37.

Description: This discussion looks at principles which should govern the determination of the respective proportions of earnings to be allocated to policyholders and stockholders, the level of contingency reserves and surplus which should be maintained, and looks at the extent to which the mandatory Security Valuation Reserve should affect the level of unassigned surplus.