Non-Guaranteed Elements Subcommittee

The Non-Guaranteed Elements Subcommittee provides commentary and educational materials involving actuarial issues related to the development and management of non-guaranteed elements in individual life insurance and annuity products. The Non-Guaranteed Elements Subcommittee is developing a practice note related to Actuarial Standards of Practice No 2. The subcommittee will monitor actuarial standards of practice (ASOPs) (focusing on ASOP No. 2), practice notes, white papers, study notes, and other publications; and will make recommendations regarding new or revised ASOPs, practice notes, regulations, actuarial guidelines, and educational materials.