Description: Presented at June 1980 Spring Meeting. Discusses recent developments related to health insurance reserves, the concepts included in several recent papers and committee reports on this topic, and the status of proposed model valuation legislation.

Description: Traditional methods of addressing reserves and liabilities have failed to cope with the problems of escalating claim costs, frequent rate increases, and different opinions as to what liabilities should be recognized. This paper reexamines these issues, discusses shortcomings of current methods and proposes a new approach to the total subject. From Transactions of Society of Actuaries 1985, Vol. 37.