Description: The purpose of this paper was to examine the job and compensation of the ordinary life insurance agent in relation to commissions and expense regulation and to examine how well the industry responds to customer needs, and consider how the system might be changed. The paper establishes some criteria for evaluating appropriateness of systems of both agent compensation and expense regulation. The paper is followed by submitted discussion papers

Description: A review of the development of the 2005 Version of the Generally Recognized Expense Table GRET, to be used to show compliance with the NAIC Life Insurance Illustration Model Regulation and the associated Actuarial Standard of Practice

Description: This paper looks at the following cases: 1. DOING BUSINESS BY MAIL SERVICE OF PROCESS: Travelers Heath Association v. Virginia, 2. AVIATION EXCLUSION FAILURE OF INSURED TO SIGN RESTRICTIVE RIDER: McDaniel v. California-Western States Life Insurance Company, 3. WAR RIDER WAIVER BY ACCEPTANCE OF PREMIUMS: White v. New York Life Insurance Company, 4. MISREPRESENTATION IN APPLICATION MINORS BINDING EFFECT: Modern Woodmen of America v. Stevens, 5. DISABILITY BENEFITS INSANITY AS EXCUSING NOTICE: Chagnon v. Metropolitan Life Insurance Company, 6. AGENTS' COMPENSATION AMOUNT NOT AGREED TO IN ADVANCE: Metropolitan Life Insurance Company v. Durkin, 7. GOVERNMENT ALLOTMENTPAYMENT OF PREMIUMS IN ERROR: Atlas Life Insurance Company v. Davis, 8. EFFECTIVE DATESUBSTANDARD INSURANCE: Republic National Life Insurance Company v. Hall.

Description: This 1981 session focused on Life and Casualty Company Organization for the 1980's. Topics included: 1. The Emerging Managerial Environment 2. Emerging Strategies - What new strategies are called for, and how will goals change with respect Co: a. Profit? b. Surplus levels? c. Growth? 3. Emerging Organization - How should companies organize for the future? From Record of Society of Actuaries, Vol. 7, No. 3.