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  • Credit Life Minimum Valuation Standard Recommendation
    using twice the mortality for the age of the primary insured. Credit insurers do not normally maintain ... using twice the mortality for the age of the primary insured. This recommended standard is set at a ...

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    • Authors: Application Administrator, Society of Actuaries
    • Date: May 2001
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Technical Skills & Analytical Problem Solving>Problem analysis and definition
    • Topics: Financial Reporting & Accounting>Statutory accounting; Public Policy
  • Last Link in Product Development-State Form Filing
    up and try and fix the problem if we don't take care of ourselves. If the state regulators on a file-and-use ... you only have one customer (and you may have a primary customer), you cannot ignore the policyholders ...

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    • Authors: John A Hartnedy, David Hippen, Sandra K Meltzer, Ejaz Haroon, Karen J Allen, Application Administrator
    • Date: Jun 2000
    • Competency: Communication>Written communication; External Forces & Industry Knowledge>Actuarial methods in business operations; Relationship Management>Relationships and trust
    • Publication Name: Record of the Society of Actuaries
    • Topics: Actuarial Profession>Qualifications; Actuarial Profession>Standards of practice; Enterprise Risk Management>Compliance; Life Insurance; Public Policy
  • Ask the Experts
    reinsurer doesn’t have the authority to cancel, but the direct writer does. Could you have different reserves ... What you’re saying is that it’s cancellable by the direct writer, but not unilaterally by the reinsurer ...

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    • Authors: David N Becker, Application Administrator, J Campbell, Martin Claire, Mark F Davis, John Di Joseph, George Harrison, Kerry Krantz, Daniel J McCarthy, James L McCallen, Benjamin George Peters, Michael Sparrow
    • Date: Sep 2000
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
    • Topics: Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]; Financial Reporting & Accounting>Statutory accounting; Global Perspectives; Public Policy; Reinsurance>Financial reporting for reinsurance
  • A Summary of the Positions of Various Industry Groups with Regard to the Valuation Actuary Concept as of January 1987
    member on the Joint Commit tee who will serve as a direct liaison. The Conference also has formed a new ... quantt~n jump in medical care claims; very poor underwriting of mechcal care or disability coverage in ...

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    • Authors: Society of Actuaries, Application Administrator, American Academy of Actuaries
    • Date: Jan 1987
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations
    • Topics: Financial Reporting & Accounting>Statutory accounting; Public Policy
  • Implementing the Illustration Regulation: The Clock is Ticking
    monumental, and I should hasten to point out that greater care taken by the appointed illustration actuary can ... underdelivered in the product that was illustrated. The primary reason for the failure was a change in the investment ...

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    • Authors: Application Administrator, David Karo, Daniel Theodore, Robert E Wilcox
    • Date: Oct 1996
    • Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values; Technical Skills & Analytical Problem Solving>Process and technique refinement
    • Publication Name: Record of the Society of Actuaries
    • Topics: Annuities>Marketing and distribution - Annuities; Life Insurance>Marketing and distribution - Life Insurance; Public Policy