ASB - Actuarial Standards Board

  • The whole process started in the NAIC, as it had to.
  • If radical changes in the way we illustrate policies were going to be made, they had to start at the NAIC.
    • The NAIC was only too well aware of the fact that sales illustrations were the subject of innumerable abuses and they wanted to correct those abuses.
    • Furthermore, the NAIC was being pushed by Senator Howard Metzenbaum who wanted to accuse the regulatory structure of not doing its job and then to bring regulation up to the federal level." 

--  Frank S. Irish, ASB, Actuarial Standards Board

1997 - SOA - Professional Standards Affecting Life Actuaries, Society of Actuaries - 18p

  • Gary Corbett, Actuarial Update August 1992
  • Paul Kolkman, Actuarial Update June 1992,
  • Timothy F . Harris, Actuarial Update, August 1992
  • Actuarial Update 1992

selected to serve on the ASB . He will be replacing James C . Hickman who served from 1985 to 1988 with the Interim Actuarial Standards Board and from 1988 to 1992 with the Actuarial Standards Board. Gary Corbett and Frederick Kilbourne, who have completed their first 3-year terms, were both reappointed for second terms. ASB members may not serve more than two consecutive terms on the board. Jack Turnquist was appointed to a second year as chair of the ASB, and Adger Williams and Gary Corbett will serve as vice-chairs.