A number of the questions which have arisen at this conference have been answered by many Canadian actuaries. The answers we have arrived at are not quite the same answers that you might have expected to hear if you were just working in the USA. For example, we have had to ask ourselves the question ‘If you have a demand liability, perhaps a cash value, is it acceptable to value the liability of a policy as anything less than the amount of this possible demand?” We have come to the conclusion that the answer is ‘yes.’.
Interest Rate Cash Flow Yield Curve Single Premium Risk Base Capital
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