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 is about the increasing unit expense rates even in light of increases in insurance amount, simplified procedures and greater mechanization, methods to allocate agency expenses in to the premium structure and the importance considerations in determining the level of gross premiums. From Transactions of Society of Actuaries 1961 Vol. 13 pt. 2

Description: This discussion focuses on methods used for classifying and analyzing expenses, and explores new accounting and office procedures. From Transactions of Society of Actuaries 1950, Vol. 2, No. 3.

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 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: Several of the insurance problems discussed are far short of a final definitive solution - the objective is rather to suggest some coherent patterns for developing effective practical methods of cost analysis. Problems are considered in the areas of company policy and practices, operational cost control, and premium and dividend calculations.

Description: This discussion reviews changes in practices and procedures which have been made with resulting reduction of expense in connection with the following: Administration and valuation of supplementary contracts, collection of monthly premiums, underwriting of new applicants, and preparation and printing of rare books and policies.

Description: This article is part of the Digest of Smaller Company Forum, which took place at the 1955 Society of Actuaries Eastern Spring Meeting, held March 24-25 in New York City. It summarizes the comments made by and identifies each individual contributing to the discussion. The discussion topics include measures a smaller company can take to reduce the expense of printing and preparing policy forms, at what stage in a company's growth is it advisable to shift from manual to machine accounting processes, and whether quality rating selection methods are achieving satisfactory results. From Transactions of Society of Actuaries 1955 Volume 7, Number 18.

Description: This informal discussion looks at the study of Section 213: What problems are involved, and along what lines does the greatest promise of satisfactory solutions lie. From Transactions of Society of Actuaries 1950, Vol. 2, No. 2.