Description: While actuaries have been busy worrying about the financial implications of health maintenance organizations [HMOs], preferred provider organizations [PPOs], and exclusive provider organizations [EPOs], the Actuarial Standards Board [ASB] Health Committee has been grappling with a definition for actuarial soundness and what an actuary should do if, in his or her opinion, a plan is not actuarially sound. This presentation from Session 52PD of the SOA 1996 Orlando Annual Meeting is about the actuarial standards of practice under development by the Academy Health Committee. Topics discussed include standards for the actuarial certification of small employer health benefit plans and documentation and disclosure in health benefit plan ratemaking. From the Record of the Society of Actuaries, Vol. 22, No. 3.