Actuarial Standards of Practice (ASOPs)

Below are all current actuarial standards of practice adopted by the ASB. Note: Each ASOP has been updated to reflect the newly adopted Deviation language effective May 1, 2011. (Download all 44 ASOPs in a convenient zipped file [3.5 Mb].) Click here to propose an idea for a Standard.

To obtain a hard copy of any current ASOP, please e-mail asbrequests@actuary.org.

You can review all superseded ASOPs here.

• Introduction to the Actuarial Standards of Practice (Doc. No. 113; October 2008)
  Note: Revision pending


• 1. Nonguaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts (Doc. No. 123; May 2011)


• Repeal of 2. Recommendations for Actuarial Communications Related to Statements of Financial Accounting Standards Nos. 87 and 88 (Doc. No. 121; March 2011)


• 3. Practices Relating to Continuing Care Retirement Communities (Doc. No. 124; May 2011)

• 4. Measuring Pension Obligations (Doc. No. 125; May 2011)
  Note: Revision pending


• 5. Incurred Health and Disability Claims (Doc. No. 126; May 2011)


• 6. Measuring Retiree Group Benefit Obligations (Doc. No. 127; May 2011)
  Note: Revision pending

• 7. Analysis of Life, Health, or Property/Casualty Insurer Cash Flows (Doc. No. 128; May 2011)


• 8. Regulatory Filings for Health Plan Entities (Doc. No. 129; May 2011)


• Repeal of 9. Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations (Doc. No. 105; March 2011)

• 10. Methods and Assumptions for Use in Life Insurance Company Financial Statements Prepared in Accordance with U.S. GAAP (Doc. No. 130; May 2011)


• 11. Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance (Doc. No. 131: May 2011)


• 12. Risk Classification (for All Practice Areas) (Doc. No. 132; May 2011)

• 13. Trending Procedures in Property/Casualty Insurance (Doc. No. 133; May 2011)


• Repeal of 14. When to Do Cash Flow Testing for Life and Health Insurance Companies (Doc. No. 082 or 083-B; September 2001)


• 15. Dividends for Individual Participating Life Insurance, Annuities, and Disability Insurance (Doc. No. 134; May 2011)

• Repeal of 16. Actuarial Practice Concerning Health Maintenance Organizations and Other Managed-Care Health Plans (Doc. No. 104; April 2007)


• 17. Expert Testimony by Actuaries (Doc. No. 135; May 2011)


• 18. Long-Term Care Insurance (Doc. No. 136; May 2011)

• 19. Appraisals of Casualty, Health, and Life Insurance Businesses (Doc. No. 137; May 2011)


• 20. Discounting of Property/Casualty Unpaid Claim Estimates (Doc. No. 163; September 2011)


• 21. Responding to or Assisting Auditors or Examiners in Connection with Financial Statements for All Practice Areas (Doc. No. 139; May 2011)

• 22. Statements of Opinion Based on Asset Adequacy Analysis by Actuaries for Life or Health Insurers (Doc. No. 140; May 2011)


• 23. Data Quality (Doc. No. 141; May 2011)


• 24. Compliance with the NAIC Life Insurance Illustrations Model Regulation (Doc. No. 142; May 2011)

• 25. Credibility Procedures Applicable to Accident and Health, Group Term Life, and Property/Casualty Coverages (Doc. No. 143; May 2011)


• 26. Compliance with Statutory and Regulatory Requirements for the Actuarial Certification of Small Employer Health Benefit Plans (Doc. No. 144; May 2011)


• 27. Selection of Economic Assumptions for Measuring Pension Obligations (Doc. No. 145; May 2011)
  Note: Revision pending

• 28. Statements of Actuarial Opinion Regarding Health Insurance Liabilities and Assets (Doc. No. 162; June 2011)


• 29. Expense Provisions in Property/Casualty Insurance Ratemaking (Doc. No. 147; May 2011)


• 30. Treatment of Profit and Contingency Provisions and the Cost of Capital in Property/Casualty Insurance Ratemaking (Doc. No. 148; May 2011)

• Repeal of 31. Documentation in Health Benefit Plan Ratemaking (Doc. No. 115; June 2009)


• 32. Social Insurance(Doc. No. 149; May 2011)


• 33. Actuarial Responsibilities with Respect to Closed Blocks in Mutual Life Insurance Company Conversions (Doc. No. 150; May 2011)

• 34. Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions (Doc. No. 151; May 2011)


• 35. Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations (Doc. No. 152; May 2011)
  Note: Revision pending


• 36. Statement of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves (Doc. No. 153; May 2011)

• 37. Allocation of Policyholder Consideration in Mutual Life Insurance Company Demutualizations (Doc. No. 154; May 2011)


• 38. Using Models Outside The Actuary's Area of Expertise (Property and Casualty) (Doc. No. 155; May 2011)
  Note: Revision pending


• 39. Treatment of Catastrophe Losses in Property/Casualty Insurance Ratemaking (Doc. No. 156; May 2011)

• 40. Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to Deficiency Reserve Mortality (Doc. No. 157; May 2011)


• 41. Actuarial Communications (Doc. No. 120; December 2010)


• 42. Determining Health and Disability Liabilities Other Than Liabilities for Incurred Claims (Doc. No. 158; May 2011)

• 43. Property/Casualty Unpaid Claim Estimates (Doc. No. 149; May 2011)


• 44. Selection and Use of Asset Valuation Methods for Pension Valuations (Doc. No. 160; May 2011)