Superseded Actuarial Standards of Practice (ASOPs)

Please note:

The following standards have been superseded or withdrawn by the Actuarial Standards Board. They are no longer applicable to professional services provided by actuaries who are subject to the Code of Professional Conduct. They are provided solely for members' convenience and information, and are not binding upon any actuary. Click here to view the ASOPs currently in force.

ASOP No. 1

• Doc. No. 020–The Redetermination (or Determination) of Non-Guaranteed Charges and/or Benefits for Life Insur-ance and Annuity Contracts (ASB: 1990)
• Doc. No. 003–The Redetermination (or Determination) of Non-Guaranteed Charges and/or Benefits for Life Insurance and Annuity Contracts (IASB: 1986)

ASOP No. 3

• Doc. No. 003–Relating to Continuing Care Retirement Communities (CCRCs)
• Doc. No. 04–Practices Relating to Continuing Care Retirement Communities (ASB: 1994)

ASOP No. 4

• Doc. No. 006–Recommendations for Measuring Pension Obligations (IASB: 1988) (Superseded Pension Plan Recommendations A, B, and C of the American Academy of Actuaries, 1976–1983)
• Doc. No. 046—Measuring Pension Obligations (ASB: 1993)

ASOP No. 5

• Doc. No. 028–Incurred Health Claim Liabilities (ASB: 1991)
• Doc. No. 007–Recommendations and Interpretations Concerning Incurred Health Claim Liabilities (IASB: 1988)

ASOP No. 6

• Doc. No. 008–Measuring and Allocating Actuarial Present Values of Retiree Health Care and Death Benefits (ASB: 1988)

ASOP No. 7

• Doc. No. 081–Analysis of Life, Health, or Property/Casualty Insurer Cash Flows (ASB: 2001)
• Doc. No. 031–Performing Cash Flow Testing for Insurers (ASB: 1991)
• Doc. No. 009–Concerning Cash Flow Testing For Life and Health Insurance Companies (ASB: 1988; Reformatted and Reprinted 1990)
• Actuarial Standard of Practice Concerning Cash Flow Testing For Life and Health Insurance Companies (ASB: 1988)

ASOP No. 8

• Doc. No. 010–Regulatory Filings for Rates and Financial Projections for Health Plans (ASB: 1989)

ASOP No. 9

• Doc. No. 011–Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations (ASB: 1989)

ASOP No. 10

• Doc. No. 039–Methods and Assumptions for Use in Stock Life Insurance Company Financial Statements Prepared in Accordance with GAAP (ASB: 1992)
• Methods and Assumptions for Use in Stock Life Insurance Company Financial Statements Prepared in Accordance with GAAP (ASB: 1989)

ASOP No. 11

• Doc. No. 13 – The Treatment of Reinsurance Transactions in Life and Health Company Financial Statements (ASB: 1990)

ASOP No. 12

• Doc. No. 014 – Concerning Risk Classification (ASB: 1989)

ASOP No. 14

• Doc. No. 022–When to Do Cash Flow Testing for Life and Health Insurance Companies (ASB: 1990) Note: ASOP No. 14 is no longer in effect.  It was repealed in 2001 by Document No. 082.

ASOP No. 15

• Doc. No. 023–Dividend Determination for Participating Individual Life Insurance Policies and Annuity Contracts (ASB: 1990) (Superseded Recommendations Concerning Actuarial Principles and Practices in Connection with Dividend Determination and Illustration for Participating Individual Life Insurance Policies and Annuity Contracts of the American Academy of Actuaries, 1980, 1985)

ASOP No. 15

• Doc. No. 061–Dividend Determination for Participating Individual Life Insurance Policies and Annuity Contracts (ASB: 1997)

ASOP No. 16

• Doc. No. 024–Actuarial Practice Concerning Health Maintenance Organizations and Other Managed-Care Health Plans (ASB: 1990) Note: ASOP No. 16 is no longer in effect.  It was repealed in 2007 by Document No. 104.

ASOP No. 17

• Doc. No. 029–Expert Testimony by Actuaries (ASB: 1991)

ASOP No. 18

• Doc. No. 032–Long-Term Care Insurance (ASB: 1991)

ASOP No. 19

• Doc. No. 034–Actuarial Appraisals (ASB: 1991)

ASOP No. 21

• Doc. No. 041–The Actuary's Responsibility to the Auditor(ASB: 1993)

ASOP No. 22

• Doc. No. 042–Statutory Statements of Opinion Based on Asset Adequacy Analysis by Appointed Actuaries for Life or Health Insurers (ASB: 1993) (Superseded Financial Reporting Recommendation 7, Statement of Actuarial Opinion for Life Insurance Company Annual Statements)

ASOP No. 23

• Doc. No. 044–Data Quality(ASB: 1993)

ASOP No. 24

• Doc. No. 050–Compliance with the NAIC Life Insurance Illustrations Model Regulation (ASB: 1995)

ASOP No. 27

• Doc. No. 053–Selection of Economic Assumptions for Measuring Pension Obligations (ASB: 1996)

ASOP No. 35

• Doc. No. 093–Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations (ASB: 1999)

Actuarial Compliance Guideline No. 1

• Doc. No. 015, An Actuary's Guide to Compliance with Statement of Financial Accounting Standards No. 87

Actuarial Compliance Guideline No. 2

• Doc. No. 016, For Statement of Financial Accounting Standards No. 88

Actuarial Compliance Guideline No. 3

• Doc. No. 038–For Statement of Financial Accounting Standards No. 106, Employers' Accounting for Postretirement Benefits Other than Pensions (ASB: 1992)

Interpretative Opinion Nos. 3 and 4

• Doc. No. 036–No. 3, Professional Communications of Actuaries, and No. 4, Actuarial Principles and Practices

Qualification Standards for Prescribed Statements of Actuarial Opinion

• Doc. No. 063–Qualification Standards for Prescribed Statements of Actuarial Opinion (Academy: 1998)

Code of Professional Conduct

• Doc. No. 047–Code of Professional Conduct (Academy: Effective 1994)
• Code of Professional Conduct (Academy: Effective 1992)

Doc. No. 073 — Preface to Actuarial Standards of Practice