ASOPS - Actuarial Standards of Practice

  • One of my concerns is that we have Practice Notes that people may not be looking at, which in a court of law could be used against you.
  • Read the ASOP; read the regulation and get your hands on the Practice Notes and do what the profession says you should be doing.
  • That’s all you can do

--  Timothy F. Harris

1996 - SOA - Life Insurance Sales Illustrations—What’s Next?, Society of Actuaries - 22p

  • 2014 1205 - Letter - AAA to NAIC - Comments on Exposure Draft of Life Insurance and Annuity Pricing ASOP - Life Products Committee (LPrC) comment letter to Actuarial Standards Board on exposure draft of an Actuarial Standard of Practice (ASOP) on Life Insurance and Annuity Pricing - 6p
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  • Other
    • ASOP 1 – “Introduction to Actuarial Standard of Practice”
    • ASOP 25 - “Credibility Procedures”
    • ASOP 27 – “Selection of Economic Assumptions for Measuring Pension Obligations”
    • ASOP 51 – “Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions.”
    • ASOP 23- for data quality compliance.

ASOP NO. 1

ASOP NO. 2