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  • New Actuarial Standards for Insurance Company Reporting in Canada
    First year commissions are 50% of premiums, other direct first year expenses are 50% of premiums, indirect ... outset, I would like to state that GAAP has as its primary objective the proper matching of costs and revenues ...

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    • Authors: Kenneth T Clark, Daniel J Kunesh, Robin B Leckie, Michael Rosenfelder
    • Date: May 1978
    • Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting; Public Policy
  • Hot Topics for Smaller Insurance Companies
    wear off before 2S years. We didn't really take care of that directly. But we had the table graded to ... principles, which, in 1998 or 1999, would have a direct impact on their financial statement. They had ...

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    • Authors: Julia T Philips, Abraham Weishaus, Alex Zeid, Scott Harrison
    • Date: Jun 1998
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting; Public Policy
  • Current Events in Financial Reporting
    premium immediate annuity (SPIA). One of the primary tax planning items in the reserve area is to minimize ... it will be distributed shortly. It doesn't give direct answers-there are a lot of gray areas-but it does ...

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    • Authors: Frank Buck, Charles D Friedstat, R Thomas Herget, Craig R Raymond
    • Date: Jun 1998
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting; Public Policy
  • Market-Value Accounting
    groups FASB was listening to in this process. The primary reason for objection to the proposal was the volatility ... subject interestingto actuaries. Why shouldactuaries care about a subject that seems so 2100 MARKET-VALUE ...

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    • Authors: Kriss Cloninger, Arnold Dicke, Edward Robbins, Douglas W Johnson
    • Date: Oct 1993
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting; Public Policy
  • NAIC Model Investment Law
    financial reporting outside the investment manager's direct control must be retrospective rather than concurrent ... but like I said, only a handful of companies even care about that issue. FROM THE FLOOR: To the extent ...

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    • Authors: Arthur Fliegelman, Joseph Koltisko, Ron Cacciola, Stephen Kruft
    • Date: May 1995
    • Competency: External Forces & Industry Knowledge
    • Publication Name: Record of the Society of Actuaries
    • Topics: Financial Reporting & Accounting; Public Policy