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Draft SOP on Nontraditional Products: GMDB Reserve Requirements and Implications
charging for administration versus what are your direct costs for administration and sales that are not ... subtract accumulated actual costs. The SOP does direct that this liability should not be less than zero; ...- Authors: Louis Lombardi, David C Scheinerman, Karen DeToro
- Date: May 2002
- Competency: External Forces & Industry Knowledge>External forces and business performance
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Standards of practice; Annuities>Variable annuities; Financial Reporting & Accounting>Generally Accepted Accounting Principles [GAAP]
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Risk Classification for All Practice Areas
continuing care retirement communities, where the mitigation primarily takes the form of direct service ... may be a combination of financial payments and direct services. 2.5 Homogeneity⎯The degree to which ...- Authors: General Committee
- Date: Dec 2005
- Competency: Technical Skills & Analytical Problem Solving
- Topics: Actuarial Profession>Standards of practice
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ASOPs and Unfair Discrimination
ASOPs and Unfair Discrimination Remarks on the pricing of joint LTC policies illustrate the need for an actuary's ... Article from: Long-Term Care News May 2009 – Issue 23 Long-Term Care News | MAY 2009 | ...- Authors: David Hippen
- Date: May 2009
- Competency: Professional Values>Ethical standards; Professional Values>Practice expertise
- Publication Name: Long-Term Care News
- Topics: Actuarial Profession>Best practices; Actuarial Profession>Code of Conduct; Actuarial Profession>Standards of practice; Long-term Care>Long-term care insurance
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Limitations on Liabilities for Actuarial Services
Limitations on Liabilities for Actuarial Services This article provides a brief synopsis ... SECTION SPONSORED RESEARCH “Aging Curves for Health Care Costs in Retirement” The Web address is now available ...- Authors: Emily Kessler
- Date: Mar 2004
- Competency: Professional Values>Ethical standards; Professional Values>Practice expertise
- Publication Name: Pension Section News
- Topics: Actuarial Profession>Standards of practice
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Chairmans Corner: Modeling Professionalism
require the actuary to use professional skill, care and judgment, and to consider the practical benefit ... and specifically with the need for appropriate care and diligence in the maintenance and use of our ...- Authors: Society of Actuaries
- Date: Dec 2016
- Competency: Professional Values>Practice expertise; Technical Skills & Analytical Problem Solving>Incorporate risk management
- Publication Name: The Modeling Platform
- Topics: Actuarial Profession>Standards of practice
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Actuarial Standards for Product Acturaries
permissibleand what is not with respect to expense factors. Direct expensesshould be chargedto those policies that ... report is very large. It is preparedwith a lot of care each year and is a very important documentto us ...- Authors: Application Administrator, Craig Likkel, Esther H Milnes, John W H Taylor
- Date: May 1993
- Competency: Technical Skills & Analytical Problem Solving
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Standards of practice
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AG CCC Causes Rethink of ROP Term
which could reduce reinsurance opportunities for direct writers. Also, the calculation of CVs is standardized ... benefit that is easy for producers to sell and direct writers to administer. The pattern of percentage ...- Authors: George J Hrischenko
- Date: Jun 2009
- Competency: External Forces & Industry Knowledge; Technical Skills & Analytical Problem Solving>Innovative solutions
- Publication Name: Small Talk
- Topics: Actuarial Profession>Standards of practice; Life Insurance>Pricing - Life Insurance; Life Insurance>Term life
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Update on Life Insurance Illustrations
assumptions that are covered are the definition of direct and indirect expenses, allocating overhead, inflation ... interest in living benefit riders, i.e., long-term-care riders, critical illness riders and the kinds of ...- Authors: Abraham Gootzeit, William C Koenig, Esther H Milnes, Edward Silins
- Date: Oct 1996
- Competency: External Forces & Industry Knowledge>Actuarial methods in business operations; Professional Values
- Publication Name: Record of the Society of Actuaries
- Topics: Actuarial Profession>Standards of practice; Life Insurance>Marketing and distribution - Life Insurance; Public Policy
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Regulatory Topics
on the conservative side. In the absence of a direct standard, all I have done in the past is use a ... mentioned by Doug Doll, but they could have a very direct impact on you folks. Guideline IXA has been exposed ...- Authors: William Carroll, Rodney E Friedy, John A Hartnedy, Kerry Krantz, Robert Potter
- Date: Sep 2000
- Competency: Professional Values>Public interest representation; Relationship Management>Relationships and trust
- Topics: Actuarial Profession>Professional associations; Actuarial Profession>Standards of practice; Financial Reporting & Accounting>Statutory accounting; Public Policy
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ASOP 6 and Medicare Payments Projection
facility in excess of $101.50 per day, custodi- al care, etc. The reimbursement decreases have led to an ... of the expected future post-re- tirement health care cost for a plan participant is de- veloped by reducing ...- Authors: Charles Edwards
- Date: Jun 2003
- Competency: Technical Skills & Analytical Problem Solving>Process and technique refinement
- Publication Name: Pension Section News
- Topics: Actuarial Profession>Standards of practice; Pensions & Retirement>Retiree medical