Donna Claire

Year-? – Chair, Life Financial Soundness/Risk, Management Committee … SVL2/PBA
1988 – SOA – Junk Assets, by Donna Claire, The Actuary, act-1988-vol22-iss04-claire – Society of Actuaries – 3p
- Donna R. Claire is an Actuary at the Equitable life Assurance Society.
- She is the Secretary of the Individual life Insurance and Annuity Product Development Section, the chairperson of the Part 10 Committee and has been a speaker at past Valuation Actuary Symposia.
2018 – Book – Statutory Valuation of Individual Life and Annuity Contracts | 5^th Edition, by Donna Claire, Louis Lombardi and Sheldon Summers — [BonkNote]
2023 – AAA – Life Perspectives, Winter/Spring 2023 – [link]
- Donna Claire – Chair – Life Experience Committee

In essence, the model regulation assumes that at issue, all universal life policies are permanent plans.
- [Bonk: model regulation = ULMR – Universal Life Model Regulation]
The r-ratio is meant to measure the extent to which the policy is “on track” as a permanent plan.

2018 – Book – Statutory Valuation of Individual Life and Annuity Contracts | 5th Edition — by Donna Claire, Lombardi and Summers — [BonkNote]

Mr. Affleck states that using the term “permanent” is “deceptive” with regard to universal life insurance.
- [Bonk: Mr. Affleck = Policyholder Expert Witness]
Universal life is considered “permanent insurance” in the industry.
- For example, a governmental website for seniors, maintained by the Social Security Administration, has the following definition…
  - …”Permanent Insurance — including whole, ordinary, universal, adjustable and variable life — is protection that can be kept in force for as long as you live.”⁸
  - ⁸ http://www.seniors.gov/retirementplanner/Iife_insurance.html – <Bad Link>

2003 – LC – Fay v. Aetna – Rebuttal of Mr. Affleck’s Report, by Donna R. Claire

One of our problems is that we’re not even sure, as a profession, what we mean by equity between persisting and terminating policyholders.
- The Society has set up a task force, chaired by Donna Claire, to investigate this issue.
The Unruh Committee, I believe, in the 1970s came up with a definition of equity for nonforfeiture, that the terminating policyholder should not leave the persisting policyholders in a worse position.
- Even that definition of equity perhaps is not necessarily the final word.

— Douglas C. Doll

1995 – SOA – Practical Illustrations and Nonforfeiture Values, Society of Actuaries – 14p