Description: 1996 Valuation Actuary Symposium. In this session regarding state variations from standard law, the following topics were addressed: 1. The origin of the problem of state variations in valuation laws and an approach to resolve the problem. 2. Practical challenges faced in annual statement preparation. 3. The view of smaller companies and why some of the suggested solutions may not be appropriate for the smaller companies.

Description: 1996 Valuation Actuary Symposium. A panel of actuarial regulators answered the questions: 1. What are the regulatory expectations from asset adequacy analysis? 2. When regulators review a company's opinion and memoranda, what are the things they are looking for? 3. What are the things that haven't been done as well as they like? 4. What do they feel can be improved on in the process? 5. How does the process itself work?

Description: This panel discussion is from the 1991 Meeting of the Society of Actuaries, held May 16-17 in New York. The panelists present an overview of the regulatory framework for investments, discuss emerging issues for new investment vehicles, provide a valuation actuary update, discuss the regulatory attitude toward asset securitization, junk bonds and hedging, discuss regulatory developments related to the valuation of private placement, mortgages, real estate, and other securities, and discuss developments related to the Mandatory Securities Valuation Reserve, ‘MSVR,’ and capital requirements. Discussion from participants is included. From the Record of Society of Actuaries, Volume 17, No. 2.

Description: This session from the 1993 Valuation Actuary Symposium discusses issues affecting small companies such as actuarial standards of practice, regulatory concerns and practical experience. It covers whether asset adequacy analysis must be done depending on Section 7 or Section 8 status, the liabilities that must be covered in the appointed actuary's opinion, reliance on others and cash flow testing exemption criteria.