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ARTICLE · 26 JULY 2013

Actuarial Standards Board Has Full Slate Of Exposure Drafts

Reinhart, Boerner, Van Deuren SC
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The Actuarial Standards Board has several exposure drafts for new actuarial standards of practice and revisions to existing standards.

United StatesAccounting and Audit
Timothy Muth
Timothy Muth
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The Actuarial Standards Board has several exposure drafts for new actuarial standards of practice and revisions to existing standards.   All of these proposed changes are important for actuaries who practice in the related subject areas.   The ASOPS can provide the standard of care in professional negligence cases brought against an actuary.

The ASB offers an opportunity for interested parties to comment on the draft proposed standards.  The drafts with pending comment deadlines are:

ASOP No. 25 Revision (second exposure draft)Credibility Procedures
Comment deadline: September 30, 2013

Principle-Based Reserves for Life Products
Comment deadline: December 16, 2013

Modeling (exposure draft) 

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