Description: Paper on the impact of investment advice regulations on personal actuaries.

Description: In this panel discussion from a 1963 SOA meeting, operations under the Keogh Act were explored. The act provides a method under which funds deposited in qualified retirement plans can grow and appreciate income-tax free and under which taxable income can be deferred. From Transactions of Society of Actuaries 1963, Vol. 15 Pt. 2.

Description: The purpose of this report is to start an informed debate on the issues surrounding the treatment of diversification in the solvency assessment of insurers. The members of the Chief Risk Officer Forum herein suggest a framework for how diversification should be treated within a prudential regulatory framework.

Description: This paper presents and examines the following cases: United States v. Manufacturers National Bank, Flemming v. Nestor, Commissioner of Internal Revenue vs. Minser, Schrader v. Prudential Insurance Company, Metropolitan Life Insurance Company v. Metropolitan Insurance Company, Friedman v. Markman and Pan American Life Insurance Company v. Andrews. From Transactions of Society of Actuaries 1960, Vol. 12, No. 34.

Description: This papers considers the effects of taxing nominal rather than real returns from short term deposits. A system for taxing real returns is developed. The possible results from a change in the method of taxation, to the one proposed in the paper are discussed. From Actuarial Research Clearing House 1991, VOL. 1.

Description: This work describes a study undertaken to determine whether the Federal Housing Administration's 'FHA' single-family-home mortgage insurance program for investor 'non-occupant' loans should be modified. The sample data were analyzed using both Bayesian and sample reuse procedures. A commentary on the paper is included.

Description: The purpose of this paper is to introduce the concept of capital and key related terms, as well as to compare and contrast four key regulatory capital regimes. Not only is each regime’s methodology explained with key terms defined and formulas provided, but illustrative applications of each approach are provided via an example with a baseline scenario. Comparison among these capital regimes is also provided using this same model with two alternative scenarios.

Description: In the United States, the insurance industry is regulated by the individual states. To assist in uniformity, the National Association of Insurance Commissioners (NAIC) meets three times a year to review and propose model laws and assess emerging issues. This report examines the process from start to finish.

Description: This research examines the intersection of US insurance ratemaking and analytics techniques in advanced modern rating systems and associated regulatory considerations in the US.

Description: India is in the process of updating to a more risk-based capital framework. The article provides a high level introduction of the development and discusses some of the key design and implementation considerations.