Actuarial Standards of Practice
The Actuarial Standards of Practice (ASOPs) act as a compass for Academy members, guiding them through the complexities of their work with clear and consistent direction.
By adhering to these standards, actuaries ensure that their recommendations align with industry-leading principles, while keeping the integrity and reliability of their analyses on track.
Guiding Principles in Practice
Applicability Guidelines are published by the Council on Professionalism and Education to assist actuaries in identifying which ASOPs apply to their work.
While these guidelines are non-binding or mandatory, they serve as a valuable tool for maintaining professional judgment and ensuring compliance with updated standards.
Submit your suggestions for improving these guidelines to the Council on Professionalism and Education at
Browse Actuarial Standards of Practice
Explore required techniques, applications, and procedures that are
fundamental to ensuring quality and transparency in your actuarial practice.
Topic: General
Effective Date: 06/01/2013
Topic: Life
Effective Date: 06/01/2022
Topic: Health
Effective Date: 06/01/2022
ASOP 4
Measuring Pension Obligations and Determining Pension Plan Costs or Contributions
Status: Adopted ViewTopic: Pension
Effective Date: 02/13/2023
Topic: Health
Effective Date: 09/01/2017
ASOP 8
Regulatory Filings for Health Benefits, Accident and Health Insurance, and Entities Providing Health Benefits
Status: Adopted ViewTopic: Health
Effective Date: 09/01/2014
Topic: General
Effective Date: 05/01/2006
Topic: Casualty
Effective Date: 11/01/2009
ASOP 14
Repeal of ASOP No. 14 – When to Do Cash Flow Testing for Life and Health Insurance Companies
Status: Adopted View
ASOP 15
Dividends for Individual Participating Life Insurance, Annuities, and Disability Insurance
Status: Adopted ViewTopic: Life
Effective Date: 08/01/2006
Topic: General
Effective Date: 12/01/2018
Topic: Health
Effective Date: 09/01/2022
Topic: Life
Effective Date: 11/01/2005
Topic: Casualty
Effective Date: 12/01/2023
ASOP 21
Responding to or Assisting Auditors or Examiners in Connection with Financial Audits, Financial Reviews, and Financial Examinations
Status: Adopted ViewTopic: General
Effective Date: 12/15/2016
Topic: General
Effective Date: 04/30/2017
Topic: General
Effective Date: 04/30/2017
Topic: General
Effective Date: 05/01/2014
ASOP 26
Compliance with Statutory and Regulatory Requirements for the Actuarial Certification of Small Employer Health Benefit Plans
Status: Adopted ViewTopic: Health
Effective Date: 01/01/1997
Topic: Pension
Effective Date: 08/01/2021
Topic: Pension
Effective Date: 01/01/2025
ASOP 28
Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities
Status: Adopted ViewTopic: Health
Effective Date: 07/01/2022
ASOP 28.1
Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities
Status: Adopted ViewTopic: Health
Effective Date: 10/01/2024
ASOP 29
Expense Provisions for Prospective Property/Casualty Risk Transfer and Risk Retention
Status: Adopted ViewTopic: Casualty
Effective Date: 07/01/2024
ASOP 30
Treatment of Profit and Contingency Provisions and the Cost of Capital in Property/Casualty Insurance Ratemaking
Status: Adopted ViewTopic: Casualty
Effective Date: 12/01/1997
ASOP 31
Repeal of ASOP No. 31 – Documentation in Health Benefit Plan Ratemaking
Status: Adopted ViewTopic: General
Effective Date: 09/01/2021
ASOP 33
Actuarial Responsibilities with Respect to Closed Blocks in Mutual Life Insurance Company Conversions
Status: Adopted ViewTopic: Life
Effective Date: 06/01/1999
ASOP 34
Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions
Status: Adopted ViewTopic: Pension
Effective Date: 12/01/2015
ASOP 35
Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations
Status: Adopted ViewTopic: Pension
Effective Date: 08/01/2021
ASOP 36
Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves
Status: Adopted ViewTopic: Casualty
Effective Date: 05/01/2011
ASOP 36.1
Statements of Actuarial Opinion Regarding Property/Casualty Loss, Loss Adjustment Expense, or Other Reserves
Status: Adopted ViewTopic: Casualty
Effective Date: 10/01/2024
ASOP 37
Allocation of Policyholder Consideration in Mutual Life Insurance Company Demutualizations
Status: Adopted ViewTopic: Life
Effective Date: 12/15/2000
Topic: General
Effective Date: 12/01/2021
ASOP 39
Treatment of Catastrophe Losses in Property/Casualty Insurance Ratemaking
Status: Adopted ViewTopic: Casualty
Effective Date: 12/15/2000
ASOP 40
Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to X Factors
Status: Adopted ViewTopic: Life
Effective Date: 09/15/2024
Topic: General
Effective Date: 05/01/2011
ASOP 42
Health and Disability Actuarial Assets and Liabilities Other Than Liabilities for Incurred Claims
Status: Adopted ViewTopic: Health
Effective Date: 08/01/2018
Topic: Casualty
Effective Date: 09/01/2007
Topic: Pension
Effective Date: 03/15/2008
Topic: Health
Effective Date: 07/01/2012
Topic: ERM
Effective Date: 05/01/2013
Topic: ERM
Effective Date: 05/01/2013
Topic: Life
Effective Date: 04/30/2014
Topic: Health
Effective Date: 08/01/2015
ASOP 50
Determining Minimum Value and Actuarial Value under the Affordable Care Act
Status: Adopted ViewTopic: Health
Effective Date: 01/31/2016
ASOP 51
Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions
Status: Adopted ViewTopic: Pension
Effective Date: 11/01/2018
ASOP 52
Principle-Based Reserves for Life Products under the NAIC Valuation Manual
Status: Adopted ViewTopic: Life
Effective Date: 12/31/2017
ASOP 53
Estimating Future Costs for Prospective Property/Casualty Risk Transfer and Risk Retention
Status: Adopted ViewTopic: Casualty
Effective Date: 08/01/2018
Topic: Life
Effective Date: 12/01/2018
Topic: ERM
Effective Date: 11/01/2019