Update from the Actuarial Standards Board (ASB)
ASB Decides to Distribute Paper Copies of Documents by Request Only
The ASB has decided to streamline the process of getting information to the actuarial profession by distributing documents through the ASB website and only mailing paper copies on request. This will also ensure that you get ASOPs, exposure drafts, and other documents in a more timely fashion. If you would like a paper copy of a document, please print it from the website. If you do not have access to the website, please call the ASB office at (202) 223-8196 or email Doreen Evans at email@example.com to request a copy.
ASB Approves Second Exposure of Proposed ASOP on Unpaid Claim Estimates
The ASB has approved a second exposure of the proposed ASOP, Property/Casualty Unpaid Claim Estimates. The comment deadline for the document is May 1, 2007.
ASB Approves Revision of ASOP No. 24
The ASB has approved the revision of ASOP No. 24, Compliance with the NAIC Life Insurance Illustrations Model Regulation (Doc. No. 103; February 2007). The revised document will take effect for any work performed on or after June 30, 2007. Until that time, the old version (Doc. No. 050) will be in force.
ASB Decides to Post Comments on Exposure Documents on ASB Website
All signed comments received on exposure drafts have always been available for review in paper form upon request. The ASB decided at its last meeting to post these comments on its website.
The guidelines for accepting comments remain as before:
- Comments where the author cannot be determined will not be considered by the ASB nor posted to the website.
- The comments will not be edited, amended, or truncated in any way.
Comments will be posted on the website in the order that they are received. Comments will be removed either when another exposure draft is issued or when final action on a proposed standard is taken.
The ASB website is a public website and all comments will be available to the general public. The ASB disclaims any responsibility for the content of the comments, which are solely the responsibility of those who submit them.
If you have any questions or would like more information about the ASB, please contact ASB@actuary.org. Thank you!