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 article describes the new state of Washington regulation governing replacements noting problems with the formula used and offering improvements.

Description: A discussion about the possible future effects of AIDs/HIV on the life insurance industry.

Description: This article presents the abstract for a paper that received fellowship credit entitled, “Simplified Cash Flow Testing of Traditional Participating Whole Life Insurance”

Description: The author offers a mathematical demonstration of why the premium will reduce when interest rates increase, all other things being equal.

Description: Column to address problems that arise in everyday work. This article discusses the problem of projecting loans on an in-force block of business.

Description: The author presents a mathematical proof of what happens to premiums when interest rate changes and disproves the theorem set forth in the October 1984 issue of the Actuary.

Description: The Actuary Vol. 22, No. 7. This article discusses the activities and goals of the Product Development Section of the SOA. Future activities will include joint sessions with other sections since product development issues sometimes relate to financial reporting. reinsurance, investments and nontraditional marketing.

Description: This article reviews the significant changes to the AMT that will affect life insurance in the 1990s. The Actuary Vol. 24, No. 4

Description: This article discusses the growing popularity of variable products and compares the product design and pricing of VUL and UL products.