Description: Author discusses the treatment of current life insurance reserves under the tax code in determining a life insurer's taxable income, and what challenges are ahead in the era of principles-based reserves.

Description: This 2008 article discusses the current status of the statutory principle-based approach PBA to reserves and capital, including risk based capital RBC, federal income tax implications, and other topics, noting that the project is “still a work in process.”

Description: This article discusses the current status, including differing views, on the treatment of risk transfer in reinsurance agreements under the principle-based reserves PBR approach.

Description: Recently, joint teams of SOA and American Academy of Actuaries (AAA) volunteers have been busy on several such projects, including individual annuity mortality basic, individual annuity reserve, valuation basic table, preneed insurance, and more. This article provides a summary of their work.