Description: This is an article on statutory maximum valuation interest rates, the second of three articles outlining the new Model Valuation and Nonforfeiture Laws.

Description: This article is a summary of Darrell Laird's paper in T.A.S.A. 50, The Revenue of the Period of Account and Its Relation To Premiums, Valuation and Dividents. Mr. Laird saw 3 problems, 1 finding a comprehensive way to measure a life company's real performance, 2 displaying sale and administrative expenses revealingly to management and 3 distributing surplus equitably among holders of individual policies.

Description: This is an article that discusses the retreat of savings banks from mutuality. As we ponder the future of mutual life insurance, we should be aware of the change sweeping through the mutual savings bank industry.

Description: Article describing some of the significant changes occurring in Poland after the fall of the Berlin Wall with a focus on life insurance and conversion to a private pension market.

Description: The current insurance maket in Malaysia and the potential for future growth is described.

Description: Recap of the Brazil Insurance Markets in 2008.

Description: Guidance and interpretation regarding reasonable mortality charge requirement of Section 7702, based from IRS Notice 2004-61, 2004-41 I.R.B. 596 of October 12, 2004.

Description: This article provides a summary of selected sessions of the October 2010 NAIC meeting.

Description: This article discusses Internal Revue Code, ‘IRC,’ Sections 7702 and 7702A with respect to the implementation of the 2001 CSO Mortality Table, which must be used in the calculations for policies issued on or after January 1, 2006. “The insurance industry has requested guidance from the Treasury Department and the Internal Revenue Service on the proper application of the current computational rules to the 2001 CSO Mortality Table but, to date, such guidance has not been provided. Therefore, the Taxation Section established the 2001 CSO Maturity Age Task Force, the members of which authored this article, to propose methodologies that would be actuarially acceptable under Sections 7702 and 7702A of the Code for calculations under contracts that do not provide for actual maturity before age 100.” This article summarizes the task force recommendations.

Description: This article explores the complexities and potential problems with respect to tax reserves that could result from a retroactive application of a principle-based reserves PBR approach for life insurance reserves.