Gorski Receives NAIC's Highest Individual Award
Gorski Receives NAIC's Highest Individual Award
Larry Gorski, Life Actuary for the Illinois Insurance Department, received the Robert Dineen
Award, the organization's most prestigious individual award_given for lifetime achievement in
insurance regulation.
As readers of this newsletter know from his frequent appearance here, Gorski has been universally
involved in all issues affecting insurance investments, accounting, reserving, reporting, and
disclosure for many years. With the stated goal of achieving consistency in the regulation of
insurance from state to state and from company to company, Gorski has made his regulatory
presence felt while still strongly supporting a free market system of competition.
In addition to his work on asset regulatory activities, Gorski is internationally known for his
groundbreaking effort in asset-liability matching. Building on the success of New York
regulations, he expanded the principles through the creation of the NAIC Actuarial Opinion
Memorandum and Regulation.
The Award is named after former New York Superintendent Robert Dineen, another man of many
talents. Dineen was also Chairman of Northwest Mutual Life and after retiring was asked to open
an office and hire a secretary and an assistant. He did that in the late 1960's, setting the stage for
the development of an NAIC Central Office.
Gorski currently serves as chair of the Invested Asset Working Group, the SVO Oversight
Working Group, and the Life Risk Based Capital Working Group. He actively supports Director
Mark Boozell as chair of the Valuation of Securities Task Force and is a senior member of the Life
and Health Actuarial Task Force. He was active in the development of the Asset Valuation Reserve
and the Interest Maintenance Reserve.
As a member of the Model Investment Law Working Group, he was largely responsible for
supervising the drafting process that brought the model to its close. In addition, he played a critical
role in bringing the opposing sides together in discussions on the Prudent Person Model
Investment Law.
Recognizing the need of the NAIC to respond to criticisms by the United States General
Accounting Office of the NAIC Securities Valuation Office, Gorski supervised a complete
reorganization of the office culminating in the total revision of the SVO Purposes and Procedures
Manual in 1996.
Larry Gorski, Life Actuary for the Illinois Insurance Department, received the Robert Dineen
Award, the organization's most prestigious individual award_given for lifetime achievement in
insurance regulation.
As readers of this newsletter know from his frequent appearance here, Gorski has been universally
involved in all issues affecting insurance investments, accounting, reserving, reporting, and
disclosure for many years. With the stated goal of achieving consistency in the regulation of
insurance from state to state and from company to company, Gorski has made his regulatory
presence felt while still strongly supporting a free market system of competition.
In addition to his work on asset regulatory activities, Gorski is internationally known for his
groundbreaking effort in asset-liability matching. Building on the success of New York
regulations, he expanded the principles through the creation of the NAIC Actuarial Opinion
Memorandum and Regulation.
The Award is named after former New York Superintendent Robert Dineen, another man of many
talents. Dineen was also Chairman of Northwest Mutual Life and after retiring was asked to open
an office and hire a secretary and an assistant. He did that in the late 1960's, setting the stage for
the development of an NAIC Central Office.
Gorski currently serves as chair of the Invested Asset Working Group, the SVO Oversight
Working Group, and the Life Risk Based Capital Working Group. He actively supports Director
Mark Boozell as chair of the Valuation of Securities Task Force and is a senior member of the Life
and Health Actuarial Task Force. He was active in the development of the Asset Valuation Reserve
and the Interest Maintenance Reserve.
As a member of the Model Investment Law Working Group, he was largely responsible for
supervising the drafting process that brought the model to its close. In addition, he played a critical
role in bringing the opposing sides together in discussions on the Prudent Person Model
Investment Law.
Recognizing the need of the NAIC to respond to criticisms by the United States General
Accounting Office of the NAIC Securities Valuation Office, Gorski supervised a complete
reorganization of the office culminating in the total revision of the SVO Purposes and Procedures
Manual in 1996.
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