PBR Actuarial Standards of Practice (ASOPs)

Actuaries are responsible for determining which ASOPs apply in their particular situations, but the following lists relevant ASOPs that may be helpful. ASOP No. 1 Section 4.3 states: “Actuaries are responsible for determining which ASOPs apply to the task at hand.”

PBR ASOPs

ASOP 52: PBR for Life Products under NAIC VM Proposed ASOP: Modeling

General ASOPs

ASOP No. 1: Introductory Actuarial Standard of Practice ASOP No. 12: Risk Classification ASOP No. 21: Responding to or Assisting Auditors or Examiners in Connection with Financial Audits, Financial Reviews and Financial Examinations ASOP No. 23: Data Quality ASOP No. 25: Credibility Procedures ASOP No. 41: Actuarial Communications ASOP Exposure Draft: Modeling (draft dated June 2016)  ASOP Exposure Draft: Setting Assumptions (draft dated December 2016)

Life ASOPs

ASOP No. 2: Non-Guaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts ASOP No. 7: Analysis of Life, Health, or Property/Casualty Insurer Cash Flows ASOP No. 11: Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance ASOP No. 22: Statements of Opinion Based on Asset Adequacy Analysis by Actuaries for Life or Health Insurers

Health ASOPs

ASOP No. 5: Incurred Health and Disability Claims ASOP No. 18: Long-Term Care Insurance ASOP No. 42: Determining Health and Disability Liabilities Other Than Liabilities for Incurred Claims