Long-Term Care Insurance (1995)

Long-Term Care Insurance (1995)Practice Note developed by the Committee on Health Financial Issues that addresses questions and issues regarding the valuation actuary’s responsibilities under the Standard Valuation Law, the NAIC model Actuarial Opinion and Memorandum Regulation, and the Actuarial Standards Board’s actuarial standards of practice (ASOPs) related specifically to determining adequate reserve levels and asset adequacy for long-term care insurance.