The ASB has introduced a new process for the submission of comments commencing with the upcoming release of the exposure drafts of Actuarial Standard of Practice (ASOP) No. 22, Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life, Annuity, or Health Reserves and Other Liabilities, and ASOP No. 28, Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities. Comments should be submitted via the comment template, which can be accessed here. The transmittal letter of these and future exposure drafts will also include a link to the template. The template will streamline the process for drafting committees to review and respond to comments. The template also is designed to encourage commentators to include both suggested edits and the rationale for such suggested edits. While general comments are always welcome, suggestions for alternative wording and the rationale for the suggested wording helps the ASB better understand the commentator’s concern about the guidance in an exposure draft.
