Reflections on a Pivotal Year
Article Abstract:
The insurance industry learned during 1983 that it must project a united front, if it is to survive in the face of regulatory changes. Primary concerns of 1983 included: unisex ratings, integration of finance services, and taxation. Taxation of life insurance firms is perhaps the hottest issue. A new law is expected to replace the 1959 Life Insurance Company Tax Act. These taxation changes have been necessitated by the increasing focus on investment by life insurance firms. Major policy changes are anticipated. The Tax Reform Act of 1983 is an omnibus piece of legislation which would substitute for the current three phase form of life insurance a more concise single phase tax similar to the one levied on corporations. It may well be that this compromise will result in 1984 tax of just under three billion dollars with silghtly more paid by mutuals than stock companies. Congressional committees have struck compromises in the areas of recalculation of reserves, taxation of stock subsidiaries of mutuals, tax-free dividend flow subsidiaries to parents, and threshold gains for nondeduction policy interest. Congress is expected to pass a bill in early 1984, with further definitions and changes.
Publication Name: Best's Review Life-Health Insurance Edition
Subject: Insurance
ISSN: 0275-0988
Year: 1984
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Joe Lampton mellows
Article Abstract:
The north of England used to breed tough minded, realistic novelists in the 1950s and 1960s, but much of that literary tradition is now defunct. Manchester University is offering a masters of arts degree in the hopes of reviving the working class novel.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1993
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Alien invaders!
Article Abstract:
The study of bullfrogs and the problems caused by them in different parts of British Columbia are described. These bullfrogs are blamed for destroying the duck population on Cranberry Lake near Powell River.
Publication Name: Wild
Subject: Zoology and wildlife conservation
ISSN: 1492-014X
Year: 2005
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