Replies to post #50771 on CBA Florida Inc. (fka CBAI)

[MrLong]

How about those Actuarial changes classified $Important$:
Life and Health Actuarial Task Force
Life Insurance and Annuities (A) Committee
Health Insurance and Managed Care (B) Committee

Mission <<aka change the rules because when the 65 and older folks get cured they will live longer; hence Actuary LIFE vs $$$s for the PRIVATE insured citizen NOT medicaid GOV'T insured person. Why the sudden urgent need to adjust tables that have not seen an adjustment since the mid 1980s? You will live longer! The $100 pps DW-CBAI2 STEM BLOOD PHARMACY will dispense injectable cures for AHIP is my guess to all but the sickest and most costly group is; seniors - 10k per day! HELLO $140B injectable market to replace pills. Hello DW-CBAI2 and hello to AHIP choosing CBAI2.>>

The mission of the Life and Health Actuarial Task Force is to identify, investigate and develop solutions to actuarial problems in the life and health insurance industry.

The following groups report to the Life and Health Actuarial Task Force:

Accident and Health Working Group
2010 Charges

Ongoing Maintenance of NAIC Programs, Products, or Services

The Life and Health Actuarial Task Force will study the feasibility of a new nonforfeiture law for life insurance and annuities to replace the existing nonforfeiture standards. Provide status reports on this project at each national meeting—Important
The Task Force will work with the American Academy of Actuaries and the Society of Actuaries to develop a new mortality table for the valuation of payout annuities. Provide status reports on this project at each national meeting—Important
The Accident and Health Working Group will work with the Society of Actuaries to develop a replacement for the 1985 NAIC Cancer Claim Cost Tables as the basis for the valuation of individual cancer policies. Provide status reports on this project at each national meeting—Important
The Task Force will consider changes to Blanks to include the reporting of channels of distribution information needed to better establish GRET factors—Important
The Task Force will work with other NAIC committees to recommend any changes required to implement the new reserve requirements for variable annuities. Consider a practice note or white paper for guidance on the credit for hedging in these new requirements—Important
The Task Force will review AG XXV relative to IRC 7702 aka life insurance policy payouts and recommend changes, if needed, to address issues with the current levels of preneed insurance aka funeral insurance—Important
The Working Group will revise model rules for appropriate long-term care rates, rating practices, and rate changes including a review of closed block of business—Important
The Working Group will review the Medicare supplement refund formula and revise the Appendix A in the Model Regulation to Implement the NAIC Medicare Supplement Insurance Minimum Standards Model Act (#651), as necessary—Important
The Task Force will review certain aspects of the Standard Nonforfeiture Law for Individual Deferred Annuities (#805)—Important
The Working Group will review and update the Guidelines for filing of Rates for Individual Health Insurance Forms (#134)—Important
The Working Group will work with the Society of Actuaries and the American Academy of Actuaries to develop a replacement for the 1987 Commissioners Group Disability Income Table—Important
The Task Force will work on implementation of tables necessary for use in current valuation requirements—Important
The Task Force and Working Group will provide assistance and commentary to other NAIC committees relative to their work on actuarial matters—Important
New Objectives and Goals (representing new NAIC programs or initiatives)

The Life and Health Actuarial Task Force will develop and submit proposals to facilitate the implementation of a principles-based approach to valuation. Monitor international developments regarding life and health insurance reserving. Provide reports on this project at each national meeting—Essential
The Task Force will work with the American Academy of Actuaries and the Society of Actuaries to develop new valuation and nonforfeiture mortality tables for life insurance. Provide reports on this project at each national meeting—Essential
The Working Group will study the minimum standards applicable to statutory reserves for long-term care insurance aka Those BOOMERS 10k per day attaining the age of 65 y.o. Begin developing a principles-based framework for a set of minimum standards—Important
The Task Force will review and make recommendations on rules for appropriate reserve mortality tables for simplified issue and guaranteed issue forms of life insurance. Review a revised structure for regulating these forms of life insurance to establish it as a class distinct from industrial and ordinary lines—Important


http://www.naic.org/committees_lhatf.htm

[holter]

BULLSHIZ, Just a note, that the numbers below from the aritcle are millions even though it said thousands regarding the share structure for ORISIS.

Dilution has also not been a concern in the past and should not be one in the future, as according to their latest 10-Q EDGAR filing, the company had 90,000 shares authorized, with 32,790 outstanding in 2010, up a measly 17 shares from 32,773 in 2009.

Interpolate from this statement:
While this may seem impressive, what lies beneath the surface in the majority owners category of Osiris is all the more intriguing. For one, Peter Fredli, co-founder and chairman of the board, owns 4.15M shares, or 12.67% of the float is a well known venture capitalist, and also sits on the boards of Venturetec, New Venturetec and several other high profile companies.

100 divided by 12.67 = 7.8926 times 4,150,000 = 32,754,538 float shares