Health Committee News

ASB Approves Exposure Draft of Revision of ASOP No. 28

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

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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ASB Adopts Revision of ASOP No. 42

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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ASB Adopts Final Revision of ASOP No. 5

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

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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