Health Committee News

22
Jul
0

ASB Adopts Final Revision of ASOP No. 28; Approves Exposure Draft of ASOP No. 24

Category: ASB News, Life Committee News, Health Committee News
The ASB recently adopted a final revision of Actuarial Standard of Practice (ASOP) No. 28, now titled Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities. The ASOP provides guidance to actuaries when performing actuarial services with respect to issuing or reviewing a ...
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15
Apr
0

ASB Approves Exposure Draft of ASOP No. 18 Revision

Category: ASB News, Health Committee News
The ASB recently approved an exposure draft of a revision of ASOP No. 18, now titled Long-Term Care. The ASOP provides guidance to actuaries when performing actuarial services with respect to long-term care (LTC) benefit plans sponsored by insurers or other entities. The standard applies to actuari ...
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30
Nov
0

ASB Approves Exposure Draft of ASOP No. 3 Revision

Category: ASB News, Health Committee News
The ASB recently approved a revision of ASOP No. 3 now titled Continuing Care Retirement Communities and At Home Programs.  The standard, which was last revised in 2008, applies to actuaries when performing actuarial services, including giving advice, in connection with Continuing Care Retireme ...
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9
Jun
0

ASB Approves Exposure Draft of Revision of ASOP No. 28

Category: ASB News, Health Committee News
The ASB recently approved an exposure draft of a revision of Actuarial Standard of Practice (ASOP) No. 28, now titled Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities. The ASOP provides guidance to actuaries when performing actuarial services with respect to issuin ...
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17
Dec
0

ASB Approves Exposure Draft of ASOP No. 11 Revision; Second Exposure Draft of ASOP No. 32 Revision

Category: ASB News, Life Committee News, Health Committee News
The ASB recently approved an exposure draft of a proposed revision of ASOP No. 11, now titled Reinsurance Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports, and a second exposure draft of a proposed revision of ASOP No. 32, Social Insurance.ASOP No. 11, which was fir ...
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25
Apr
0

ASB Adopts Revision of ASOP No. 42

Category: ASB News, Health Committee News
The ASB recently approved a final revision of ASOP No. 42, now titled Health and Disability Actuarial Assets and Liabilities Other Than Liabilities for Incurred Claims.The standard has been revised to incorporate references to new standards that have been issued since the ASOP’s initial 2004 adopt ...
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27
Apr
0

ASB Adopts Final Revision of ASOP No. 5

Category: ASB News, Health Committee News
The ASB recently adopted a final revision of ASOP No. 5, Incurred Health Claim Liabilities. This ASOP provides guidance to actuaries when estimating or reviewing incurred claims when preparing or reviewing financial reports, claims studies, rates, or other actuarial communications as of a valuation ...
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2
Oct
0

ASB Approves Exposure Draft of a Revision of ASOP No. 8

Category: Health Committee News
The ASB recently approved an exposure draft of a revision of ASOP No. 8 now titled Regulatory Filings for Health Benefits, Health Insurance, and Entities Providing Health Benefits. Due to the significant number of changes in the rate filing and rate review process due to the Affordable Care Act, rev ...
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Actuarial Standards Board

The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States through the development and promulgation of Actuarial Standards of Practice (ASOPs). These ASOPs describe the procedures an actuary should follow when performing actuarial services and identify what the actuary should disclose when communicating the results of those services.

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