Description: This article discusses the Own Risk and Solvency Assessment ORSA Guideline that is being developed by the NAIC Group Solvency Issues working group as part of the Solvency Modernization Initatitve SMI. It looks at the purpose of the ORSA, the three sections of the NAIC ORSA and issues with current U.S. ORSA draft.

Description: A discussion of the Open Transaction Doctrine and how it was applied to prevent current inclusion of taxable gains resulting from the sale of stock acquired in a demutualization.

Description: In March 2010, Congress codified the judicial economic substance doctrine in an effort to raise revenue as part of the health care reform legislation.1 The law provides for strict liability penalties of 20 percent for understated taxes and refund claims that result from transactions that lack economic substance. In July 2011, the commissioner of the Large Businessand International Division LB&I of the IRS evidently recognized this state of uncertainty and issued very helpful guidance to all LB&I examiners to fill the void on guidance for economic substance..

Description: Author discusses issues related to federal regulation of insurance.

Description: Read the latest ACLI Update.

Description: The article gives actuaries an introduction to Academy Health, the notable health policy research organization.

Description: Conditions and required solvency standards of federal waiver to PSOs to provide Medicare+Choice products. Effect on providers, beneficiaries and employers. Issue No. 36

Description: This article is about the comprehensive health care reform proposal from the Clinton Administration.

Description: The author outlines the Academy's analysis of Clinton health care premiums, standard benefits, mental health benefits.

Description: This article is about the very rapid pace of Health care reform on both the national and state level. The challenge is to ensure that viable financing vehicles are developed for cost effective health care delivery.