Description: This discussion on overinsurance focuses on speculative buying of life, AD&D, and disability insurance, the effect of expanded disability provisions in the Social Security Act on underwriting disability benefits, and the avoidance of overinsurance in medical benefits.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Smaller Company Forum’ presentation discusses changes in office methods made or contemplated by smaller insurance companies to control costs, including use of electronic machinery, simplification of policies and policy issue, and changes in underwriting rules, e.g. nonmedical.

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 is about agency problems, particulary the extent of policy replacement abuses, replacement commission rules that have been effective in controlling replacements and the effect on policyholders of replacement. From Transactions of Society of Actuaries 1961 Vol. 13 pt. 2

Description: These discussions at the Jacksonville and Chicago SOA Regional Meetings looked at the issue of replacements focusing on policyholder rationale, types of plans involved and regulatory involvement.

Description: This discussion covers the advantages and disadvantages in the adoption of annualized commission and how much investment a small company can afford to make in the study of individual agencies. From Transactions of Society of Actuaries 1959, Vol. 11, No. 30 AB.

Description: This discussion looks at the 1958 CSO Mortality Table and raises questions as to what problems are encountered in planning for the adoption of the table. From Transactions of Society of Actuaries 1960, Vol. 12, No. 34.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Smaller Company Forum’ presentation discusses the industry trend toward lower premium life insurance policies in Canada and the U.S. The presenters address the extent to which this trend is occurring at smaller companies, steps being taken to encourage sales of policies with larger investment element, and the effects if future legislation were to provide additional tax benefits to policyholders.