Actuarial Standards of Practice (ASOPs)

Below are all current actuarial standards of practice adopted by the ASB. (Download all 44 ASOPs in a convenient zipped file [6.5 Mb].) Click here to propose an Idea for a Standard.

You can review all superseded ASOPs here.

• Introduction to the Actuarial Standards of Practice (Doc. No. 096; December 2004)


• 1. Nonguaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts (Doc. No. 092; March 2004)


• 2. Recommendations for Actuarial Communications Related to Statements of Financial Accounting Standards Nos. 87 and 88 (Doc. No. 004; April 1987)


• 3. Practices Relating to Continuing Care Retirement Communities (Doc. No. 111; September 2007)


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• 4. Measuring Pension Obligations (Doc. No. 107; September 2007)


• 5. Incurred Health and Disability Claims (Doc. No. 076; December 2000)


• 6. Measuring Retiree Group Benefit Obligations (Doc. No. 084; December 2001)



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• 7. Analysis of Life, Health, or Property/Casualty Insurer Cash Flows (Doc. No. 089; June 2002)


• 8. Regulatory Filings for Health Plan Entities (Doc. No. 100; December 2005)


• 9. Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations (Doc. No. 027; January 1991) Note: Repeal pending



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• 10. Methods and Assumptions for Use in Life Insurance Company Financial Statements Prepared in Accordance with GAAP (Doc. No. 068; March 2000)


• 11. Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance (Doc. No. 098: June 2005)


• 12. Risk Classification (for All Practice Areas) (Doc. No. 101; December 2005)



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• 13. Trending Procedures in Property/Casualty Insurance Ratemaking (Doc. No. 021; July 1990)


• Repeal of 14. When to Do Cash Flow Testing for Life and Health Insurance Companies (Doc. No. 082 or 083-B; September 2001)


• 15. Dividends for Individual Participating Life Insurance, Annuities, and Disability Insurance (Doc. No. 102; March 2006)



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• Repeal of 16. Actuarial Practice Concerning Health Maintenance Organizations and Other Managed-Care Health Plans (Doc. No. 104; April 2007)


• 17. Expert Testimony by Actuaries (Doc. No. 087; March 2002)


• 18. Long-Term Care Insurance (Doc. No. 064; January 1999)



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• 19. Appraisals of Casualty, Health, and Life Insurance Businesses (Doc. No. 099; June 2005)


• 20. Discounting of Property and Casualty Loss and Loss Adjustment Expense Reserves (Doc. No. 037; April 1992)


• 21. Responding to or Assisting Auditors or Examiners in Connection with Financial Statements for All Practice Areas (Doc. No. 095; September 2004)



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• 22. Statements of Opinion Based on Asset Adequacy Analysis by Actuaries for Life or Health Insurers (Doc. No. 083 or 083-A; September 2001)


• 23. Data Quality (Doc. No. 097; December 2004)


• 24. Compliance with the NAIC Life Insurance Illustrations Model Regulation (Doc. No. 103; February 2007)



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• 25. Credibility Procedures Applicable to Accident and Health, Group Term Life, and Property/Casualty Coverages (Doc. No. 051; October 1996)


• 26. Compliance with Statutory and Regulatory Requirements for the Actuarial Certification of Small Employer Health Benefit Plans (Doc. No. 052; October 1996)


• 27. Selection of Economic Assumptions for Measuring Pension Obligations (Doc. No. 109; September 2007)



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• 28. Compliance with Statutory Statement of Actuarial Opinion Requirements for Hospital, Medical, and Dental Service or Indemnity Corporations, and for Health Maintenance Organizations (Doc. No. 054; April 1997)


• 29. Expense Provisions in Property/Casualty Insurance Ratemaking (Doc. No. 056; July 1997)


• 30. Treatment of Profit and Contingency Provisions and the Cost of Capital in Property/Casualty Insurance Ratemaking (Doc. No. 057; July 1997)



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• 31. Documentation in Health Benefit Plan Ratemaking (Doc. No. 060; October 1997)


• 32. Social Insurance(Doc. No. 062; January 1998)


• 33. Actuarial Responsibilities with Respect to Closed Blocks in Mutual Life Insurance Company Conversions (Doc. No. 065; January 1999)



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• 34. Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions (Doc. No. 066; October 1999)


• 35. Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations (Doc. No. 110; September 2007)


• 36. Statement of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves (Doc. No. 069; March 2000)



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• 37. Allocation of Policyholder Consideration in Mutual Life Insurance Company Demutualizations (Doc. No. 070; June 2000)


• 38. Using Models Outside The Actuary's Area of Expertise (Property and Casualty) (Doc. No. 071; June 2000) Note: Revision pending


• 39. Treatment of Catastrophe Losses in Property/Casualty Insurance Ratemaking (Doc. No. 072; June 2000)



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• 40. Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to Deficiency Reserve Mortality (Doc. No. 075; December 2000)


• 41. Actuarial Communications (Doc. No. 086; March 2002)


• 42. Determining Health and Disability Liabilities Other Than Liabilities for Incurred Claims (Doc. No. 091; March 2004)



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• 43. Property/Casualty Unpaid Claim Estimates (Doc. No. 106; June 2007)


• 44. Selection and Use of Asset Valuation Methods for Pension Valuations (Doc. No. 108; September 2007)

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