Description: This paper discusses adjustable life insurance and certain theoretical problems of these policies. It also covers how the Commissioners Reserve Valuation Method, CRVM, may be extended to cover adjustable life policies and defines formulas for the additional expense allowance at the time of change. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This paper argues by means of a mathematical demonstration that: 1. Natural reserves are not appropriate for adjusting earnings of mutual life insurance companies under GAAP. 2. Adjusted earnings developed by using statutory net level premium reserves together with a nonadmitted asset equal to the present value of unamortized variable acquisition expenses, and, if material, possibly with the reserves for terminal dividends, should bc accepted under GAAP, provided that dividend scales are suitably designed. 3. Other approaches which are essentially equivalent to that in bullet #2, such as those involving historical asset share funds, should likewise be acceptable.

Description: These are three papers- - Government Pension Plans in Canada - This paper reviews the initial Act from 1952 which was a flat benefit plan and the impending changes to the program to incorporate a contributory earnings-related pension plan. - Current Status of Medicare Proposals - This report provides an update of the dozens of bills pending on the issue. - Relationship of Actuaries and Certified Public Accountants - This paper presents the issues facing insurance companies and accountants where their accounting practices are at variance. From Transactions of Society of Actuaries 1964, Vol. 16, No. 45.

Description: This paper illustrated one approach to the calculation of reserves on group life conversions and alerts the reader to its possible favorable income tax implications under current United States law. Followed by 2 discussion papers submitted

Description: This paper discusses future projections of operations for both new and existing companies. The author proposes and discusses 3 basic methods - model office, analysis of operations and an 'overall method. The model office, being the most detailed, delves into how to approach each major item in the summary of operations.

Description: 1962 SOA Regional Meetings, Jacksonville and Chicago. This is a discussion about statutory reporting issues surrounding group term and group accident and health insurance. From Transactions of Society of Actuaries 1962, Vol. 14 Pt. 2.

Description: This paper reviews the unitary and term methods for apportioning net premiums over the life of nonlevel-premium policies and recommends a new method, the unified method, as a method conforming more to the principles of the Standard Valuation Law and accepted actuarial principles. A discussion of the paper follows. From Transactions of Society of Actuaries 1990, Vol. 42.

Description: This paper proposes a hypothesis that the negative public policy implications of durational rating strategies in the medical insurance market are caused by lack of prefunding of durational deterioration of experience and constitute a failure to maintain an important part of the original insuring promise. To solve the problem, a practical and simple reserving basis is proposed as a regulatory standard. Discussions of this paper are included.

Description: In this paper, the author examines the valuation of life insurance company assets giving a rationale for a valuation basis for each type of asset. The stabilization of asset values is stated as being 'highly desirable'. Several discussants of the paper disagree strongly with the author's views.

Description: Review of methods for reserving for pre paid premium deposits under supplementary contracts attached to life insurance products, when the guaranteed interest rate for such deposits exceeds the currently available interest rates for investing such deposits