Description: Feature article describing a simple and ready solution that allows a hedging program to operate effectively without risk of mismatch due to mortality fluctuations.

Description: This presentation is a concurrent session from the 1980 Meeting of the Society of Actuaries, held April 14-15 in Hartford, Connecticut. The panelists discuss basic concepts, such as definition and reasons for risk classification, availability vs. pricing class, equality vs. equity -special interest groups, appropriate factors for classification, and controllable vs. non-controllable factors. They also discuss American Academy of Actuaries work on risk classification, regulation, future company practice, including preferred risk, non-smoker, guaranteed issue etc., substandard practices, reinsurance, changing trends in underwriting, privacy laws, and related topics. Discussion from participants is included. From the Record of Society of Actuaries, Volume 6, No. 1.

Description: Chairperson’s column discussing the recent activities of the SOA’s Reinsurance Section.

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: These were discussion papers on the paper, 'The Korean War Hazard' by James T. Phillips.

Description: Discussion of the mortality experience of the Korean War. The purpose of this paper to present some statistics and point out variations in the hazard that might that might be of value in setting up rules for the underwriting of military risks.

Description: This discussion examines new products and marketing issues pertaining to individual life insurance. Topics include: A. Proper role for and impact of higher minimum amount and preferred risk policies. B. Changes made in recent years in the distribution of new issues by plan of insurance and mode of premium payment, C. Advantages and disadvantages of issuing to women a special life insurance policy, or class of policies, involving different basic assumptions from those used for other policies D. Plans marketing policies for which the insurance premiums are paid by 1 bank loans arranged with the assistance of the agent, 2 premium deposit plans, 3 bank drafts and postdated checks.

Description: Discussion of the following underwriting topics: A. In view of the low rates of mortality currently experienced on standard lives, is the standard classification too narrow? B. Do substandard extra premiums at the lower ratings make fair provision for the additional expenses incurred on substandard policies? C. What problems are encountered in issuing life insurance on persons residing outside the continental United States and Canada? D. What changes have been made recently in non-medical selection and why? E. How could greater use be made of mortality or morbidity studies conducted by hospitals, clinics, government agencies, universities and others outside of the life insurance business?

Description: Presented at June 1986 Spring Meeting. This session discussion is about sex discrimination, impairments, and social insurance issues.

Description: Discusses the modification of underwriting practices because of the 1951 Medical Impairment Study, classification adjustments, competitive pressures on ratings and expansion of substandard business.