Description: From a session at the 2000 Valuation Actuary Symposium held in Washington DC, September 14-15, 2000 The National Association of Insurance Commissioners NAIC Valuation of Life Insurance Policies Model Regulation XXX sets forth the valuation requirements for life insurance with nonlevel premiums or nonlevel benefits, including term insurance and universal life with certain underlying guarantees. Panelists discussed the issues around implementation of the requirements. The issues discussed include: • Determination of X factors when no credible company mortality exists • Proper treatment of secondary guarantees in universal life insurance • Preparation of the mortality assumption opinion requirements • Impacts on product development and design

Description: From an interactive forum session at the 2001 Valuation Actuary Symposium, held in Lake Buena Vista, Florida, November 29-30, 2001 Discussion of the major financial reporting issues and concerns of senior actuaries in life insurance companies. Discussion focused cash flow testing methods and interpretation of results.

Description: Presented at May 1986 Spring Meeting. This session discussion is about redetermination of 'Non-Guaranteed Pricing Elements Recommendations', actuarial responsibilities to the various publics relative to nonguaranteed pricing functions and brief status report on Interim Actuarial Standards Board 'IASB' including how this Committee's Exposure Draft affects the IASB.

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: Court is in session and you are the jury! Follow along as challenging aspects of actuarial professionalism are explored in a court-like setting. Deliberate based on what you already know from your own experience as well as based on what you learn in this session and then deliver your verdict accordingly. Who says learning about actuarial professionalism can't also be fun?

Description: The August/September 2013 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.

Description: This article focuses on the challenge of validation of quality data particularly with regard to outsourcing, reviews the standards of practice concerning data quality and the steps that can be taken to ensure data quality.

Description: This article provides a brief synopsis of the paper Limitations on Liabilities for Actuarial Services and describes the paper's availability. From Pension Section News, March 2004, Issue No. 54.

Description: This session from the 1992 Valuation Actuary Symposium looks at how the valuation actuary may ensure his work stands up to regulatory and professional scrutiny including a discussion on the Standard Valuation Law SVL, the model regulation, Actuarial Standards of Practice ASP 7 and 14, forming an opinion, the content of the opinion and the content of the memorandum.

Description: The October/November 2015 edition of The Actuary magazine—the Society of Actuaries’ flagship publication.