Prepared by the Health Practice Financial Reporting Committee of the American Academy of Actuaries American Academy of Actuaries S MALL G ROUP M EDICAL I NSURANCE R ESERVES AND L IABILITIES October 2005 Small Group Medical Insurance – Reserves and Liabilities Comments are welcome as to the appropriateness of the practice note, frequency of updates, substantive disagreements, etc. Comments should be sent to the Academy’s State Health Policy Analyst at the directory address.