APPENDIX B ASOP No. 41, Actuarial Communications (revisions pending) This standard provides guidance to actuaries regarding written, electronic, or oral actuarial communications. The actuarial opinion and memorandum can be considered written communications, while reporting to board of directors may be written, oral, or both. ASOP No. 42, Determining Health and Disability Liabilities Other Than Liabilities for Incurred Claims This standard provides guidance to actuaries in determining health and disability liabilities other than liabilities for incurred claims. Such liabilities include contract reserves, premium deficiency reserves, provider-related liabilities, claim adjustment expense liabilities, and other liabilities of insurance entities, insured or noninsured risk-assuming entities, managed care entities, health care providers, government-sponsored health benefit plans, or risk contracts. Liabilities may be determined for purposes of financial reports, claims studies, ratemaking, or other actuarial communications.
American Academy of Actuaries
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