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The Actuarial Standards Board (ASB) recently approved an exposure draft of a proposed new actuarial standard of practice (ASOP) titled Capital Adequacy Assessment for Insurers. The proposed ASOP will apply to actuaries involved in capital adequacy assessment work for life or health insurers, including fraternal benefit societies and health benefit plans, property and casualty insurers, mortgage and title insurers, financial guaranty insurance companies, complex insurance organizations, and similar organizations. The ASB released a discussion draft of the proposed standard in May 2015. The exposure draft reflects many of the comments received on that discussion draft.
The comment deadline for the exposure draft, which can be viewed here, is Jan. 31, 2017. Information on how to submit comments can be found in the draft.
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