Description: Panelists discuss the history of this 75-year-old Medical Information Bureau MIB, its very active and data-rich source of medical information, and the services that the MIB offers to clients and other industry groups. From the Record of the Society of Actuaries, Vol. 24, No. 1.

Description: This SOA research report produced by Kamakura Corporation helps illuminate credit risk modeling techniques within the life insurance industry. It includes a review of available research on the subject from academic and industry sources, the development and distribution of a survey on actual techniques used within the industry, and all associated analysis. The finance and economics literature review provides a historical review of academic research on credit modeling with Altman Z-scores, Merton’s structural model and more recent “reduced form models” The industry literature includes discussions of the various credit modeling techniques, factor-based approaches, credit migration models, structural models, reduced form models, hybrid models, actuarial models and credit scoring models. As credit risk modeling is an extremely broad topic, the scope of the survey is narrowed to particular asset classes and functions. There were 22 responses in total to the survey from locations in Canada, Europe and the United states.

Description: Discusses reduction in bank loan and minimum deposit business, sales of a combination of single premium immediate annuities with life policies on a guaranteed issue basis, likely results of recent court decisions regarding allowing interest on indebtedness as a tax deduction, and professional development needs for actuaries taking on management roles.

Description: This discussion on overinsurance focuses on speculative buying of life, AD&D, and disability insurance, the effect of expanded disability provisions in the Social Security Act on underwriting disability benefits, and the avoidance of overinsurance in medical benefits.

Description: Discusses 1. the impact of increased yields on new investments on premiums, dividends and policy values, 2. the criteria of equity which should be observed when different basic assumptions or underwriting standards are employed for different plans, 3. pricing of substandard policies, 4. handling situations where premium payments aggregate more than the face amount, and 5. recognizing mortality trends in pricing settlement options.

Description: Presented at October 1996 Annual Meeting. This session explores the current status of variable products in the marketplace. It also covers issues related to fund performance, distribution, and product design.

Description: Overview of latest developments on IRC Section 7702, IRC Section 848, market value adjusted contracts, companies in rehabilitation and Canadian issues including: • Part I income tax • Part IV capital tax

Description: Presented at May 1986 Spring Meeting. This session discussion is about product designs, market factors, state regulation, SEC aspects - 6e-3T.

Description: This paper deals primarily with the actuarial aspects of a life insurance product providing complete flexibility in the pattern of premium payments- and benefits. This paper presented a framework around which a policy of the life-cycle family can be built. Discussion includes description of how the product might work, given the legal and operational constraints at the time. Also discussion of how compliance with the Standard Valuation Law and Standard Non forfeiture laws would be achieved. Followed by submitted discussions of the paper by various people

Description: Presented at May 2002 Spring Meeting. Discusses changes to reserving and tax regulations and the implications they have on product development.