Description: Panelists discuss the impacts of adopting the 2001 CSO mortality table, including effects on reserves, cash values, premiums, maximum cost of insurance rates, and corporate and policy taxation. From the 2002 Record of Society of Actuaries, Volume 28, No. 3. Session 8PD of the Boston Annual Meeting.

Description: This article discusses Internal Revue Code, ‘IRC,’ Sections 7702 and 7702A with respect to the implementation of the 2001 CSO Mortality Table, which must be used in the calculations for policies issued on or after January 1, 2006. “The insurance industry has requested guidance from the Treasury Department and the Internal Revenue Service on the proper application of the current computational rules to the 2001 CSO Mortality Table but, to date, such guidance has not been provided. Therefore, the Taxation Section established the 2001 CSO Maturity Age Task Force, the members of which authored this article, to propose methodologies that would be actuarially acceptable under Sections 7702 and 7702A of the Code for calculations under contracts that do not provide for actual maturity before age 100.” This article summarizes the task force recommendations.

Description: Taxing Times, September 2006, Volume 2, Issue No. 2.

Description: Full version of Taxing Times, December 2005, Volume 1, Issue No. 1.

Description: Synopsis of Issue Brief prepared by Tax Work Group of the Academy-LTD Claim Reserve Assumption Basis: Use of date of incurral/date of issue of original policy.

Description: Synopsis of Issue Brief prepared by Tax Work Group of the Academy-LTD Claim Reserve Assumption Basis: Use of date of incurral/date of issue of original policy.

Description: Full version of Taxing Times, May 2006, Volume 2, Issue No. 1.

Description: Frequently Asked Questions on tax reserve methods and assumptions, based on law in effect prior to 12/31/2017.