Description: This article summarizes the following insurance-related legal cases from 1951 and 1952: 1. Incontestable Clause-Effect of Death Within Period: Prudential Insurance Company v. Ruby, 2. Premium Tax-Annuity Considerations: Corporation Commission v. Equitable Life Assurance Society, 3. Murder of Insured by Beneficiary-Rights of Contingent Beneficiary: Beck v. West Coast Life Insurance Company, 4. Double Indemnity-Right to Autopsy-Demand within Reasonable Time: Reardon v. Mutual Life Insurance Company, 5. Insurance Commissioner-Limitations of Authority-Revocation of Company's License to do Business: Bankers Life and Casualty Company v. Cravey, 6. Effective Date of Policy-Date for Payment of Renewal Premiums: Lentin v. Continental Assurance Company, 7. Group Insurance-Bank Depositors: Mutual Bank & Trust Company v. Shaffner, 8. Killing of Insured by Beneficiary-Rights of Contingent Beneficiary: Bullock v. Expressmen's Mutual Life Insurance Company, 9. Aviation Exclusion-Conflict with Incontestable Statute: Jordan v. Western States Life Insurance Company, 10. Creditors' Rights-Endowment Contract-Exemption Statute: Fox v. Swartz, 11. Settlement Option-Testamentary Disposition: Hall v. Mutual Life Insurance Company, and 12. Aviation Exclusion-Aeronautic Flight: Aetna Life Insurance Company v. Reed. From Transactions of Society of Actuaries 1952, Vol. 4, No. 8.

Description: This session is about financial rating systems: The processes, performance, improvement, and the role and impact of risk-based capital requirements.

Description: 1993 SOA Spring Meeting, Boston. In this session the panelists discussed the new standard valuation law. Areas covered included: 1. Risk of legal liability? 2. Vagueness of actuarial standards? 3. Reliance on other company experts? 4. Consultants versus company actuary perspectives? 5. The science versus the art of the process?

Description: 1993 SOA Spring Meeting, Boston. This session is about trends in life company impairments and insolvencies. Topics included: 1. Recent insolvencies - are there similar situations waiting to be discovered? 2. How meaningful are current financial statements? 3. What do rating agencies say? How much confidence is there in their ratings? 4. The role of cash-flow testing, AVR/IMR, and risk-based capital formulas.

Description: 1993 SOA Meeting, Quebec. This session discussion was about cash-flow testing as a management tool. The focus was on lessons learned from 1992 CFT and the expectation of lessons that can be learned in the future. Speakers addressed management use of CFT, CFT in risk management, CFT in profit enhancement, and the applicability to assets and liabilities.

Description: 1993 SOA Annual Meeting in New York. This session is about federal regulations versus state regulations. Topics included: 1. Status of Dingell/Metzenbaum bills and Industry response. 2. The McCarren-Ferguson Act, and recent developments in that area. 3. Bills that address the issue of redlining in insurance. 4. The Disclosure of Insurance Availability Information bill. 5. Heath care reform initiatives.

Description: This session from the 1995 SOA Boston Meeting presents the latest findings of the NAIC, the AICPA, the ACLI and the FASB including FAS 120, GAAP for mutuals and the fair-value liability model. From the Record of the Society of Actuaries, Vol. 21, No. 4a.

Description: Discussion of solvency problems and the actuary's role in addressing them in the life insurance industry.

Description: A discussion of the role and responsibilities of actuaries beyond crunching numbers

Description: This presentation, session number 97PD, took place at the 1999 Spring Meeting of the Society of Actuaries, held June 16-18 in Seattle. The presenters look at the adequacy of state insurance regulation by examining the purpose and intent of the McCarran-Ferguson Act. They discuss the strengths and weaknesses of state regulation, and “whether the public interest is best served by 1 the states or the federal government being the primary regulators of insurance or 2 some system of bifurcated regulatory authority shared between the states and the federal government.” Discussion from participants is included. From the Record of the Society of Actuaries, Vol. 25, No. 2.