Life 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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13
May
0

ASB Adopts Revision of ASOP No. 11

Category: ASB News, Life Committee News
The ASB recently adopted a final revision of ASOP No. 11, now titled Treatment of Reinsurance or Similar Risk Transfer Programs Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports. The ASOP provides guidance to actuaries when performing actuarial services with respect ...
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16
Jul
0

ASB Approves Second Exposure Draft of Revision of ASOP No. 2

Category: ASB News, Life Committee News
The ASB recently approved a second exposure draft of a revision of ASOP No. 2, now titled Nonguaranteed Elements for Life Insurance and Annuity Products. The ASOP applies to actuaries when performing actuarial services with respect to the determination and, if applicable, illustration of NGEs for a ...
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23
Jun
0

ASB Approves Second Exposure Draft of Revision of ASOP No. 22

Category: ASB News, Life Committee News
The ASB recently approved a second exposure draft of a revision of ASOP No. 22, now titled Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities. The ASOP applies to actuaries when performing actuarial servic ...
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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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16
Apr
0

ASB Approves Exposure Draft of a Revision of ASOP No. 2

Category: ASB News, Life Committee News
The ASB recently approved an exposure draft of a revision of ASOP No. 2, now titled Nonguaranteed Elements for Life Insurance and Annuity Products. The standard applies to actuaries when performing actuarial services with respect to the determination and, if applicable, illustration of nonguaranteed ...
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18
Mar
0

ASB Approves Exposure Draft of a Revision of ASOP No. 22

Category: ASB News, Life Committee News
The ASB recently approved an exposure draft of a revision of ASOP No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life or Health Liabilities. The standard applies to actuaries when performing actuarial services with respect to providing a statement of actuarial opinion ( ...
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24
Jul
0

ASB Adopts New ASOP No. 54

Category: ASB News, Life Committee News
The ASB adopted new ASOP No. 54, Pricing of Life Insurance and Annuity Products. ASOP No. 54 applies to actuaries when performing actuarial services with respect to the pricing of life insurance and annuity products when a product is initially developed or when charges or benefits are changed for fu ...
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26
Oct
0

ASB Adopts Two New ASOPs on Pension Risk and Principle-Based Reserves for Life Products

Category: ASB News, Life Committee News, Pension Committee News
The ASB recently adopted ASOP No. 51, Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions, and ASOP No. 52, Principle-Based Reserves for Life Products under the NAIC Valuation Manual.ASOP No. 51 provides guidance to actuaries whe ...
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24
Jul
0

ASB Approves Second Exposure of Proposed ASOP on Life Insurance and Annuities Pricing

Category: ASB News, Life Committee News
The ASB recently approved a second exposure draft of a proposed new ASOP titled Pricing of Life Insurance and Annuity Products. The proposed ASOP will apply to actuaries when performing actuarial services with respect to the pricing of life insurance and annuity products when a product is initially ...
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