51. What are the minimum requirements an actuary should consider to be qualified to render opinions related to Long-Term Care Policies under the U.S. Qualification Standards (USQS)?
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51. What are the minimum requirements an actuary should consider to be qualified to render opinions related to Long-Term Care Policies under the U.S. Qualification Standards (USQS)?
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Pricing and reserving for Long-Term Care (LTC) policies typically involve aspects of both life insurance and health insurance. An actuary may find that the initial and renewal rate filings and reserving are inter-related and may require specific actuarial opinions for LTC policies.