Description: Discusses the reasons for changing emphasis on reserve strengthening programs and looks at methods adopted to emphasize the reserve character of undistributed surplus.

Description: General discussion session which included the following topics: A. Non-medical limits B. Deficiency reserves for individual life insurance

Description: Presentations and discussions at Symposium on Adjusted Earnings in 1971. Discusses: 1. The differences between insurance industry accounting and accounting for other types of businesses, and the need to adequately communicate the reasons for these differences to the accounting profession 2. Background on problem of reported earnings - diminishment of focus on the balance sheet 3. Uses and objectives of financial statements 4. Philosophy of matching costs and revenues in GAAP reporting 5. Responses to the AICPA draft of an audit guide for life insurance companies 6. Deferred tax considerations

Description: This discussion looks at the advantages to an inclusion of a temporary war clause in all policies, factors affecting premiums for females, the SOA's stance on accident and health research, and the proposed new form of U.S. annual statements.

Description: Discusses reasons for recent extensive industry changes in premium rates and expected trends, merits of different types of federal income tax treatment in financial statements, and discussion of merits of proposed state regulations regarding classification and allocation of income and expenses.

Description: Digests of following discussions: 1. Mutual life insurance companies - their objectives and operating philosophy 2. State, provincial, and municipal employee pension plans - financing and other problems 3. Mortality and underwriting of individual policies for large amounts 4. Investing during the 1970's 5. Long-range viability and regulation of corporate pension plans 6. Forecasting the environment for business 7. Liabilities and surplus in the 1970's 8. Changing modes of family life - work and income over the life cycle 9. The role of the actuary in collective bargaining 10. Health insurance in the United States 11. Adjusted earnings

Description: Table of Contents for the 1991 Valuation Actuary Symposium Proceedings.

Description: This discussion forum reviews problems of concern to small companies in preparing the new form of annual statement and if the comparisons of expenses, interest rates and other items among companies of like size are now more meaningful.

Description: Discusses the need for a new life insurance valuation mortality table to replace the 1941 CSO, the authorization by the NAIC to form a committee to construct such a table, and the preliminary table developed.

Description: Discusses revenue accounting, use of budgets, automating annual statement work, and reserve calculations for interim statements.