Description: This paper discusses adjustable life insurance and certain theoretical problems of these policies. It also covers how the Commissioners Reserve Valuation Method, CRVM, may be extended to cover adjustable life policies and defines formulas for the additional expense allowance at the time of change. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This discussion covers the trend in and future outlook for first year and total field margin ratios under Section 213 of the New York law. From Transactions of Society of Actuaries 1961 Vol. 13 pt. 2

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: The purpose of this paper is to trace the change in Canadian company expenses, comparing the six postwar years 1946 to 1951 with the prewar year 1939. Includes costs per policy and as percentage of premium, and also compares to expected costs. Expenses by company size are also shown.

Description: This discussion on expenses, briefly looks at what the smaller company can do about increasing unit costs and in view of increased costs, what simplifications can be made in the routine of policy change procedures.

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: The panel discusses the recent expense rate experience of smaller companies, the anticipated expense rate changes for the near future and actions taken to keep expense rates down. From Transactions of Society of Actuaries 1959, Vol. 11, No. 29 AB.

Description: From the 1960 Transactions Vol. 12 No. 32, this ‘Digest of Smaller Company Forum’ presentation discusses changes in office methods made or contemplated by smaller insurance companies to control costs, including use of electronic machinery, simplification of policies and policy issue, and changes in underwriting rules, e.g. nonmedical.

Description: This discussion looked at: A. Problems relating to agents' compensation and other expenses arising from the increased proportion of term insurance being currently issued and from the sale, at commission rates lower than those under the regular series, of special policies with a large minimum amount, and of smaller regular series policies. B. The advantages and disadvantages of freely making quotations for special plans not in the rate book.

Description: Panel discussion of the following topics: A. Recent revisions been made in the mortality, interest, and expense assumptions upon which life insurance premium rates are based. B. Factors considered in recent revisions of premium rates for substandard risks. C. The extent to which deficiency reserves been required as a result of recent decreases in nonparticipating premium rates for life insurance D. Recent changes in disability premium rates for women.