• Harold G. Ingraham: What is meant by "recent company experience?"
  • With respect to investment experience, is it the portfolio yield based on the book value of the asset portfolio or does it relate to "new money" yield rates and changes in the realizable value of assets?
  • With respect to expenses, does it relate to actual conmpany experience or trend?

1980 - SOA - Premiums and Dividends -- Participating Insurance, Society of Actuaries - 26p