Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 The session provides a brief overview of a variety of financial reporting topics, most of which were discussed in more detail in the subsequent sessions. The overview included topical issues as follows: • National Association of Insurance Commissioners NAIC Life and Health Actuarial Task Force developments and directions • Other NAIC/regulatory development • American Academy of Actuaries AAA/Actuarial Standards Board ASB developments • Financial Accounting Standards Board/Security Exchange Commission FASB/SEC and Generally Accepted Accounting Principles GAAP developments • Tax developments • Reinsurance development • Gramm-Leach-Bliley Financial Modernization Act

Description: This presentation made up Sessions 1 and 2 at the 1987 Valuation Actuary Symposium. The presenters discuss cash flow analysis in light of the valuation actuary concept. Asset and liability cash flows are looked at under different economic scenarios. Future interest rates, investment and reinvestment strategy are included in the discussion of scenario generation. Stochastic scenarios and the number of scenarios are discussed.

Description: Informative discussion about pricing techniques, including: [1] uses of return on investment [ROI], GAAP return on equity [ROE], and universal life [UL] and other profit measures, [2] scenario testing, [3] expenses, [4] target surplus, and [5] federal-income-tax considerations. From the 1988 Record of Society of Actuaries, Vol. 14, No. 2.

Description: Discusses the emerging proposals for revision of the NAIC Model UL Regulation to address valuation, non-forfeiture, and disclosure concerns. Also discusses product implementation and the current status of state requirements. From the 1988 Record of Society of Actuaries, Vol. 14, No. 3.

Description: The June 1987 report on UL valuation and nonforfeiture, by the American Academy of Actuaries Universal Life Task Force under the Committee on Life Insurance, discussed whether long-term UL reserve sufficiencies should offset short-term deficiencies. This article discusses that issue.

Description: Panelists illustrate the accounting outcomes of proposed revisions to accounting requirements for insurance and annuity products and discuss potential ramifications. Also discussed are potential implementation issues. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 126CS of the Boston Annual Meeting.