Description: The purpose of this paper is to set forth a mathematical technique which in the author's experience has proved useful in testing the tax implications of various management actions.

Description: Section 818c of the Life Insurance Company Income Tax Act of 1959 provides, for companies holding other than net level premium reserves, a choice of two methods: exact revaluation or approximate revaluation to this basis. This paper discusses the impact of the choice on the level of a company's tax reserves. A discussion paper follows.

Description: The purpose of this paper is to describe the application of the Monte Carlo technique to a practical situation in a company, group term rate making. It included a discussion of some of the problems encountered and the solution to these problems. Followed by several discussion papers submitted

Description: This paper explores the considerations involved in the merger of mutual life insurance companies, with emphasis on the unique problems of maintenance of equity between the various policy owners affected. The paper written by Howard Kayton and Robert Tookey is followed by a discussion from several people

Description: An extension of a paper published in the 1952 Transactions by the same author, describing and classifying various funding methods for defined benefit pension plans. Followed by discussion papers submitted by several authors.

Description: A paper analyzing cause of death population statistics. Discussion of sources of reporting data with respect to both occupation at death and cause of death especially when there are multiple causes. In the present paper the writer attributes much of the confusion in medical literature on mortality trends to the emphases placed on coronary disease as a cause of death. However, regarding the group of diseases known on the North American Continent as cardiovascular-renal disease the author establishes that the medical and other professions do experience a definitely higher mortality from this disease. Followed by 2 discussion papers submitted

Description: This discussion looks at problems encountered in putting new underwriting standards into effect, looks at trends in the current economic situation which are taken into consideration in underwriting the financial aspects of a risk, and the results of comparisons between the mortality experience under uninspected business with that under inspected business.

Description: Examines the extent of practicality for smaller companies to follow the action of some of the larger companies in offering new policy forms and riders such as, Guaranteed Insurability Option on birth of a child, Educational Plans, Father-Son Policies, and Life and Health insurance protection for future children. Also discusses conservation efforts.

Description: The life annuity mortality risk is the variation in actual financial experience of a group of annuitants from that expected, attributable to the mortality experience of the group. This paper investigated the mortality risk present in a single life annuity and determine the effect of age, sex, assumed interest rate, mortality table, and form of annuity on this risk. Then, it investigated the mortality risk in various portfolios of annuities. Followed by several discussion papers submitted

Description: Presentation of some of the factors to be considered, and approaches which might be employed, in valuing a life insurance company.