Description: Two valuation proposals have occupied the regulatory agenda this year—the ACLI Interim Proposal and SVL II or the Principles Based Approach PBA to reserving. This article summarizes the ACLI Interim Proposal to the current Standard Valuation Law which allows a new preferred mortality table to be used and changes Actuarial Guideline 38 to allow lapse.

Description: Results of the 2005 inter-company study of expenses for individual life and annuity business conducted by the SOA’s Committee on Life Insurance Company Expenses, CLICE.

Description: Summarizes results of PBR survey of regulators by the Valuation Law and Manual Team, VLMT, of the Life Reserves Working Group, LRWG. Did not say what regulators were surveyed.

Description: A discussion of compliance with Model Audit Rule, MAR, deadlines, including requirements over auditor independence and corporate governance and management’s report of internal control over financial reporting.

Description: A review of the major activities and accomplishments of the Smaller Insurance Company Section over the last year.

Description: Discusses how the December 2017 US tax reform affects smaller insurance companies.

Description: This article is an opinion piece on the value of Sections to the Society of Actuaries. In particular, the Smaller Insurance Company Sections supports its members by sponsoring meeting sessions, developing webcasts, actively supporting research and promoting a sense of community and collaboration.

Description: Read the June 2020 issue of Small Talk published by the Smaller Insurance Company Section. Newsletters provide practical information for the working actuary, articles on trends that impact sections and news about section activities.

Description: This article gives an overview of the NAIC codification project, which describes procedures and methods for compiling statutory financial statements. A number of accounting principles included in codification are described.

Description: Author identifies the issues, especially as they relate to smaller insurers, and then lists some provisions of current pending federal legislation.