Description: Discusses the life company actuary's responsibility to the insurance buying public, and the relationship to his concurrent responsibility to the agency force, stockholders, and present policyholders. Also discusses the employee benefit actuary's responsibility to plan beneficiaries and the relationship to his concurrent responsibility to employers and unions, and the public's interest in actuarial techniques and its need for meaningful actuarial explanation.

Description: Discusses a variety of regulatory issues relative to pension plans, the professional responsibilities of pension consultants, and criteria which should be applied for determining assumptions, actuarial cost method and modifications in evaluating disability benefits. Also discusses determination of qualified actuary to represent client before the IRS.