Actuarial – Page 3

BGF – Benefit Generating Function BGA – Benefit Generating Account BGF – Benefit Generating Function Premium Calculation One thing to keep in mind is that you can take a traditional whole life policy and determine an underlying benefit generating function, because the cash values are simply there. You can fix one item and say, “We…

Smoothness (p1063) – 14. Disclosure and Sales Illustration Practice The actuarial task force has become aware of two professional actuarial groups which are now studying sales illustrations for life insurance contracts. Presentations on behalf of both these groups were made at the December 1991 actuarial task force meeting. Judy Faucett commented on the work of the…

SOA – Society of Actuaries – Documents SOA – 1940s SOA – 1950s SOA – 1960s SOA – 1970s SOA – 1980s SOA – 1990s SOA – 2000s SOA – 2010s SOA – 2020s 1977-1, NAIC Proceedings – Initial Expense Allowance ATTACHMENT D – Linkage of Nonforfeiture Values With Valuation Reserves – Prepared By The…

Actuarial – Questions We designed commission rules that anticipated a relatively large number of rollovers of existing policies;. ..full commissions are paid provided the new Universal Life face amount is at least two times the face amount of the replaced policy. — Phillip B. Norton, not a member of the Society, is Vice President of The Lincoln National…

AAA – American Academy of Actuaries actuary.org/ Actuarial – Index SOA – Society of Actuaries – Index The Academy views its role in the government relations arena as providing information and actuarial analysis to public policy decisionmakers, so that policy decisions can be made with informed judgment. 1984 – AAA – Journal, American Academy of Actuaries …

Dynamic Solvency Testing – DST Dynamic Financial Condition Analysis Handbook – SOA – Society of Actuaries 1993 – SOA – The Potential Role of Dynamic Solvency Testing in Preventing Insolvencies of Insurance Companies: A Historical Perspective, by Robert S. Fillingham, Society of Actuaries – 30p

Dynamic Financial Condition Analysis Handbook – SOA Let’s begin with a very brief history. The AAA and the SOA were responding to a NAIC concern about company solvency. — James F. Reiskytl 1996 – SOA – Dynamic Financial Condition Analysis Handbook Task Force, Society of Actuaries – 21p 1993 – SOA – The Potential Role of…

Actuarial Opinions I see too many statements of actuarial opinion currently stating that the reserves meet all legal standards where the opinion isn’t worth the paper its written on. I’m afraid that there are too many actuaries who have rather loose ideas of current standards of practice in this regard. — J. Alan Lauer, (chief…

Pricing Actuary Trying to balance the profitability and competitive requirements is a tough task in today’s competitive marketplace. The profit testing, premium adjusting, and benefit adjusting process is an iterative process involving a lot of give and take. There are many factors that the pricing actuary can adjust during this process. Premium rates, agent compensation,…

1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p 1994 – SOA – Problems and Solutions for Product Illustrations, Society of Actuaries – 28p BRADLEY E. BARKS (Chief Product Actuary for LIfeUSA Insurance Company: The subject we are going to talk about is life insurance and disclosure regulation, which the NAIC is working…