ASOP No. 36 Exposure Draft Released for Comment
The ASB has released for comment an exposure draft of a revision to ASOP No. 36, Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves.
The primary goal of the revision is to eliminate any redundant guidance and language that exists between ASOP Nos. 36 and 43, Property/Casualty Unpaid Claim Estimates. A further goal is to maintain consistency between ASOP Nos. 36 and 43 and, in order to maintain this consistency, to clarify and provide further guidance within ASOP No. 36, if necessary.
The comment deadline for this exposure is June 15, 2009.
You can view this exposure and all other ASOPs at the ASB website: http://actuarialstandardsboard.com.