Description: Task Force report on life insurance company sales illustration practices from the perspective of the consumer. The study analyzes how well current illustration practices serve their primary functions of: 1. showing the consumer their policy values and premium payments over time, and 2. projecting best estimates of future performance and providing cost and performance comparisons with other policies.

Description: Description of the consulting segment of the actuarial profession as it now exists in Canada and the United States, the environment in which it has developed, and some of the unresolved problems and possible future developments. Followed by discussion papers submitted by 2 authors

Description: Discusses the life company actuary's responsibility to the insurance buying public, and the relationship to his concurrent responsibility to the agency force, stockholders, and present policyholders. Also discusses the employee benefit actuary's responsibility to plan beneficiaries and the relationship to his concurrent responsibility to employers and unions, and the public's interest in actuarial techniques and its need for meaningful actuarial explanation.

Description: This paper presents a summary of the legislative history of the several 1961 amendments, with emphasis on those affecting OASDI and the provisions of the health benefits proposal - particularly as to its financing. Discussions of this paper are included.

Description: Presentation of proposals that are designed to further improve actuarial education by anticipating educational needs based on future change in the nature of actuarial work. The paper is divided into three sections: I. Current and Past Education of Actuaries II. Actuaries as Customers for Education and III. The Future Educational Needs of Actuaries and How These Needs Might Be Implemented. Followed by several submitted discussion papers.

Description: Discusses a variety of regulatory issues relative to pension plans, the professional responsibilities of pension consultants, and criteria which should be applied for determining assumptions, actuarial cost method and modifications in evaluating disability benefits. Also discusses determination of qualified actuary to represent client before the IRS.

Description: This is a presidential address to the Society of Actuaries by Barbara J. Lautzenheiser. From Transactions of Society of Actuaries 1983, Vol. 35.

Description: This panel discussion describes three actuaries' experiences with governmental advisory groups. From Transactions of Society of Actuaries 1970, Vol. 22, Pt. 2, No. 64.

Description: This discussion looks at principles which should govern the determination of the respective proportions of earnings to be allocated to policyholders and stockholders, the level of contingency reserves and surplus which should be maintained, and looks at the extent to which the mandatory Security Valuation Reserve should affect the level of unassigned surplus.

Description: This paper describes the history of the first United States Government Actuary, Ezekiel B. Elliot and his successors, including the types of services these actuaries performed. This article is followed by a discussion by several authors.