Private insurers may offer superior performance in building a surplus, underwriting properties, spreading risk through the reinsurance and capital markets, determining actuarially
sound rates, and prioritizing and implementing coastal mitigation strategies.
It accumulates year after year into what is called the actuarially
insurance company's policies to remain actuarially
sound, it must
Sections III through VII derive closed-form actuarially
fair premium formulas for five ubiquitous deductible insurance policies, depict their premia for various parameters, and provide the economic intuition for our results.
Given this collective moral hazard, we obtain our third and final result: the incentive-efficient premium that discourages banks from excessive correlation in their investments features a higher charge for joint bank failure risk than the actuarially
Insurance is readily available at an actuarially
sound rate everywhere," he said.
The requirements in this Statement will allow more agent employers to use the alternative measurement method to produce actuarially
based information for purposes of financial reporting.
Citizens is required by law to charge actuarially
In the case where the average per capita consumption is the only source of the consumption externality, we find that the optimum in the private insurance market is also a social optimum if the insurance price is actuarially
In an effort to make the program more actuarially
sound, the bill that would reauthorize NFIP phases out subsidized rates on vacation homes and second homes.
On the McCords' 1996 gift tax returns, the gifts' taxable values were based on the gross FMV transferred to the nonexempt donees ($6,910,933), reduced by the total Federal gift taxes payable and the actuarially
determined present value of their obligations for additional estate taxes under Sec.
There are two funding methods available--the more common pay-as-you-go and the seldom-used advance funded on an actuarially