Please note:

The following standards have been superseded or withdrawn by the Actuarial Standards Board. They are no longer applicable to professional services provided by actuaries who are subject to the Code of Professional Conduct. They are provided solely for members’ convenience and information, and are not binding upon any actuary. Click here to view the ASOPs currently in force.

ASOP No. 1

  • Doc. No. 123 -Nonguaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts (ASB: 2011)
  • Doc. No. 092 -The Redetermination (or Determination) of Non-Guaranteed Charges and/or Benefits for Life Insurance and Annuity Contracts (ASB: 2004)
  • Doc. No. 020-The Redetermination (or Determination) of Non-Guaranteed Charges and/or Benefits for Life Insurance and Annuity Contracts (ASB: 1990)
  • Doc. No. 003-The Redetermination (or Determination) of Non-Guaranteed Charges and/or Benefits for Life Insurance and Annuity Contracts (IASB: 1986)

ASOP No. 2

  • Doc. No. 121-Recommendations for Actuarial Communications Related to Statements of Financial Accounting Standards Nos. 87 and 88 (ASB: 2011)
  • Doc. No. 004-Recommendations for Actuarial Communications Related to Statements of Financial Accounting Standards Nos. 87 and 88 (ASB: 1987)

ASOP No. 3

  • Doc. No. 111 -Practices Relating to Continuing Care Retirement Communities (ASB: 2007)
  • Doc. No. 005-Relating to Continuing Care Retirement Communities (CCRCs) (IASB: 1990; 1987)
  • Doc. No. 048-Practices Relating to Continuing Care Retirement Communities (ASB: 1994)

ASOP No. 4

  • Doc. No. 173 – Measuring Pension Obligations and Determining Pension Plan Costs or Contributions (ASB: 2013)
  • Doc. No. 125 – Measuring Pension Obligations and Determining Pension Plan Costs or Contributions (ASB: 2011)
  • Doc. No. 107 -Measuring Pension Obligations (ASB: 2007)
  • Doc. No. 006-Recommendations for Measuring Pension Obligations (IASB: 1988) (Superseded Pension Plan Recommendations A, B, and C of the American Academy of Actuaries, 1976-1983)
  • Doc. No. 046-Measuring Pension Obligations (ASB: 1993)

ASOP No. 5

  • Doc. No. 126-Incurred Health and Disability Claims (ASB: 2011)
  • Doc. No. 076 -Incurred Health and Disability Claims (ASB: 2000)
  • Doc. No. 028-Incurred Health Claim Liabilities (ASB: 1991)
  • Doc. No. 007-Recommendations and Interpretations Concerning Incurred Health Claim Liabilities (ASB: 1988)

ASOP No. 6

  • Doc. No. 127 – Measuring Retiree Group Benefit Obligations (ASB: 2001)
  • Doc. No. 084 -Measuring Retiree Group Benefit Obligations (Doc. No. 084; ASB: 2001) Note: Revision pending
  • Doc. No. 008-Measuring and Allocating Actuarial Present Values of Retiree Health Care and Death Benefits (ASB: 1988)

ASOP No. 7

ASOP No. 8

  • Doc. No. 100-Regulatory Filings for Health Plan Entities (ASB: 2005)
  • Doc. No. 010-Regulatory Filings for Rates and Financial Projections for Health Plans (ASB: 1989)
  • Doc. No. 129  – Regulatory Filings for Health Plan Entities (ASB: 2005)

ASOP No. 9

  • Doc. No. 027-Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations (ASB: 1991)
  • Doc. No. 011-Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations (ASB: 1989)

ASOP No. 10

ASOP No. 11

  • Doc. No. 098-Financial Statement Treatment of Reinsurance Transaction Involving Life of Health Insurance (ASB: 2005)
  • Doc. No. 013 – The Treatment of Reinsurance Transactions in Life and Health Company Financial Statements (ASB: 1990)

ASOP No. 12

  • Doc. No. 101-Risk Classification (for All Practice Areas) (ASB: 2005)
  • Doc. No. 014 – Concerning Risk Classification (ASB: 1989)

ASOP No. 13

  • Doc. No. 114-Trending Procedures in Property/Casualty Insurance (ASB: 2009)
  • Doc. No. 021 – Trending Procedures in Property/Casualty Insurance (ASB: 1990)

ASOP No. 14

  • Doc. No. 022-When to Do Cash Flow Testing for Life and Health Insurance Companies (ASB: 1990) Note: ASOP No. 14 is no longer in effect. It was repealed in 2001 by Document No. 082.

ASOP No. 15

  • Doc. No. 102 -Dividends for Individual Participating Life Insurance, Annuities, and Disability Insurance (ASB: 2006)
  • Doc. No. 023-Dividend Determination for Participating Individual Life Insurance Policies and Annuity Contracts (ASB: 1990) (Superseded Recommendations Concerning Actuarial Principles and Practices in Connection with Dividend Determination and Illustration for Participating Individual Life Insurance Policies and Annuity Contracts of the American Academy of Actuaries, 1980, 1985)
  • Doc. No. 061-Dividend Determination for Participating Individual Life Insurance Policies and Annuity Contracts (ASB: 1997)

ASOP No. 16

  • Doc. No. 024-Actuarial Practice Concerning Health Maintenance Organizations and Other Managed-Care Health Plans (ASB: 1990) Note: ASOP No. 16 is no longer in effect. It was repealed in 2007 by Document No. 104.

ASOP No. 17

ASOP No. 18

ASOP No. 19

  • Doc. No. 099 -Appraisals of Casualty, Health, and Life Insurance Businesses (ASB: 2005)
  • Doc. No. 034-Actuarial Appraisals (ASB: 1991)

ASOP No. 20

  • Doc. No. 138-Discounting of Property and Casualty Loss and Loss Adjustment Expense Reserves (ASB: 2011)
  • Doc. No. 037-Discounting of Property and Casualty Loss and Loss Adjustment Expense Reserves (ASB: 1992)

ASOP No. 21

  • Doc. No. 139-Responding to or Assisting Auditors or Examiners in Connection with Financial Statement for All Practice Areas (ASB: 2011)
  • Doc. No. 095 -Responding to or Assisting Auditors or Examiners in Connection with Financial Statement for All Practice Areas (ASB: 2004)
  • Doc. No. 041-The Actuary’s Responsibility to the Auditor (ASB: 1993)

ASOP No. 22

  • Doc. No. 083 or 083-A -Statements of Opinion Based on Asset Adequacy Analysis by Actuaries for Life or Health Insurers (ASB: 2001)
  • Doc. No. 042-Statutory Statements of Opinion Based on Asset Adequacy Analysis by Appointed Actuaries for Life or Health Insurers (ASB: 1993) (Superseded Financial Reporting Recommendation 7, Statement of Actuarial Opinion for Life Insurance Company Annual Statements)
  • Doc. No. 140-Statements of Opinion Based on Asset Adequacy Analysis by Actuaries for Life or Health Insurers (ASB: 2011)
  • Doc. No. 166-Revised Language for ASOP Nos. 22 and 28-adopted September 2012

ASOP No. 23

ASOP No. 24

  • Doc. No. 142-Compliance with the NAIC Life Insurance Illustrations Model Regulation (ASB: 2011)
  • Doc. No. 103-Compliance with the NAIC Life Insurance Illustrations Model Regulation (ASB: 2007)
  • Doc. No. 050-Compliance with the NAIC Life Insurance Illustrations Model Regulation (ASB: 1995)

ASOP No. 25

  • Doc. No. 143-Credibility Procedures Applicable to Accident and Health, Group Term Life, and Property/Casualty Coverages (ASB: 2011)
  • Doc. No. 051-Credibility Procedures Applicable to Accident and Health, Group Term Life, and Property/Casualty Coverages (ASB: 1996)

ASOP No. 26

  • Doc. No. 052-Compliance with Statutory and Regulatory Requirements for the Actuarial Certification of Small Employer Health Benefit Plans (ASB: 1996)

ASOP No. 27

  • Doc. No. 172 – Selection of Economic Assumptions for Measuring Pension Obligations (ASB: 2014)
  • Doc. No. 145 – Selection of Economic Assumptions for Measuring Pension Obligations (ASB: 2011)
  • Doc. No. 109 -Selection of Economic Assumption for Measuring Pension Obligations (ASB: 2007)
  • Doc. No. 053-Selection of Economic Assumptions for Measuring Pension Obligations (ASB: 1996)

ASOP No. 28

  • Doc. No. 146 – Compliance with Statutory Statement of Actuarial Opinion Requirement for Hospital, Medical, and Dental Service or Indemnity (ASB: 2011)
  • Doc. No. 054 -Compliance with Statutory Statement of Actuarial Opinion Requirement for Hospital, Medical, and Dental Service or Indemnity (ASB: 1997)
  • Doc. No. 162 – Statements of Actuarial Opinion Regarding Health Insurance Liabilities and Assets (ASB: 2011)
  • Doc. No. 166-Revised Language for ASOP Nos. 22 and 28-adopted September 2012

ASOP No. 29

  • Doc. No. 056 -Expense Provisions in Property/Casualty Insurance Ratemaking (ASB: 1997)

ASOP No. 30

  • Doc. No. 057 -Treatment of Profit and Contingency Provisions and the Cost of Capital in Property/Casualty Insurance Ratemaking (ASB: 1997)

ASOP No. 31

  • Doc. No. 060-Documentation in Health Benefit Plan Rate-making (ASB: 1997)

ASOP No. 32

ASOP No. 33

  • Doc. No. 065 -Actuarial Responsibilities with Respect to Closed Blocks in Mutual Life Insurance Company Conversions (ASB: 1999)

ASOP No. 34

  • Doc. No. 151 -Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions (ASB: 2011)
  • Doc. No. 066 -Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions (ASB: 1999)

ASOP No. 35

  • Doc. No. 178 – Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations (ASB: 2015)
  • Doc. No. 118-Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations (ASB: 2010)
  • Doc. No. 093-Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations (ASB: 1999)
  • Doc. No. 152-Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations (ASB: 2010)

ASOP No. 36

  • Doc. No. 119-Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves (ASB: 2010)
  • Doc. No. 069-Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves (ASB: 2000)

ASOP No. 37

  • Doc. No. 070-Allocation of Policyholder Consideration in Mutual Life Insurance Company Demutilizations (ASB: 2000)

ASOP No. 38

  • Doc. No. 071-Using Models Outside the Actuary’s Area of Expertise (Property and Casualty) (ASB: 2000)

ASOP No. 39

  • Doc. No. 072 -Treatment of Catastrophe Losses in Property/Casualty Insurance Ratemaking (ASB: 2000)

ASOP No. 40

  • Doc. No. 075 -Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to Deficiency Reserve Mortality (ASB: 2000)

ASOP No. 41

ASOP No. 42

  • Doc. No. 158-Determining Health and Disability Liabilities Other Than for Incurred Claims (ASB: 2011)
  • Doc. No. 091-Determining Health and Disability Liabilities Other Than for Incurred Claims (ASB: 2004)

ASOP No. 43

  • Doc. No. 106-Property/Casualty Unpaid Claim Estimates (ASB: 2007)

ASOP No. 44

  • Doc. No. 116-Selection and Use of Asset Valuation Methods for Pension Valuations (ASB: 2009)

Actuarial Compliance Guideline No. 1

  • Doc. No. 015-An Actuary’s Guide to Compliance with Statement of Financial Accounting Standards No. 87 (ASB: 1990)

Actuarial Compliance Guideline No. 2

  • Doc. No. 016-For Statement of Financial Accounting Standards No. 88 (ASB: 1989)

Actuarial Compliance Guideline No. 3

  • Doc. No. 038-For Statement of Financial Accounting Standards No. 106, Employers’ Accounting for Postretirement Benefits Other than Pensions (ASB: 1992)

Interpretative Opinion Nos. 3 and 4

  • Doc. No. 036-No. 3, Professional Communications of Actuaries, and No. 4, Actuarial Principles and Practices (Academy: 1970 – 1982)

Qualification Standards for Prescribed Statements of Actuarial Opinion

  • Doc. No. 063-Qualification Standards for Prescribed Statements of Actuarial Opinion (Academy: 1998)

Code of Professional Conduct