ASB News

4
Feb
0

ASB Approves Exposure Draft on ASOP No. 5 Revision; Approves Second Exposure Draft on Ratemaking

Category: ASB News
The ASB recently approved an exposure draft of a revision to ASOP No. 5, Incurred Health and Disability Claims, and a second exposure draft of proposed ASOP Property/Casualty Ratemaking.The proposed revision to ASOP No. 5 reflects a number of changes to other standards that have been made since the ...
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11
Dec
0

ASB to Meet March 9-10, 2016 in Washington

Category: ASB News
The next regularly scheduled meeting of the ASB will be held March 9-10, 2016, at the Academy offices in Washington, D.C. ...
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2
Dec
0

ASB Approves Exposure Draft of ASOP No. 23 Revision

Category: ASB News
The ASB recently approved an exposure draft of a revision of ASOP No. 23, Data Quality. The ASOP was revised in 2004 and 2011 to reflect current, generally accepted practice with respect to data quality and to reflect new deviation language, respectively. In 2014, the ASB decided further review was ...
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6
Nov
0

ASB Adopts ASOP No. 50 on the Affordable Care Act

Category: ASB News
The ASB recently adopted its 50th ASOP, Determining Minimum Value and Actuarial Value under the Affordable Care Act. Although a practice note exists that provides information on the subject of determining minimum value and actuarial value under the Affordable Care Act (ACA), no guidance for actuarie ...
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29
Sep
0

ASB Approves Exposure Draft of ASOP No. 21 Revision

Category: ASB News
The ASB recently approved an exposure draft of a revision of ASOP No. 21, Responding to or Assisting Auditors or Examiners in Connection with Financial Audits, Financial Reviews, and Financial Examinations. As financial audits, reviews, and examinations have evolved significantly in the last ten yea ...
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22
Sep
0

ASB TO MEET DECEMBER 9-10, 2015 IN WASHINGTON

Category: ASB News
The next regularly scheduled meeting of the ASB will be held December 9–10, 2015, at the Academy offices in Washington, D.C. ...
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17
Jul
0

ASB Gathers Multitude of Viewpoints at Public Hearing on Pension Plans

Category: ASB News
The Actuarial Standards Board (ASB) heard from more than a dozen actuarial and pension experts representing diverse views during its July 9 public hearing on public pension plan issues at the Ronald Reagan Building and International Trade Center in Washington. The ASB will reflect on the written and ...
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13
May
0

ASB to Hold Hearing on Public Pension Plan Issues

Category: ASB News
The Actuarial Standards Board (ASB)  will hold a public hearing on the need for new or revised actuarial standards of practice (ASOP) applicable to actuarial work regarding public pension plans on July 9 at the Ronald Reagan Building and International Trade Center in Washington. The ASB is acceptin ...
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17
Mar
0

ASB Adopts ASOP No. 49 on Medicaid

Category: ASB News
The ASB recently adopted ASOP No. 49, Medicaid Managed Care Capitation Rate Development and Certification. The ASOP was developed to establish guidance for actuaries preparing, reviewing, or giving advice on capitation rates for Medicaid programs, including those certified in accordance with 42 CFR ...
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6
Mar
0

ASB to Meet September 15-16, 2015 in Washington

Category: ASB News
The next regularly scheduled meeting of the ASB will be held September 15–16, 2015, at the Academy offices in Washington, D.C. ...
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Actuarial Standards Board

The Actuarial Standards Board (ASB) sets standards for appropriate actuarial practice in the United States through the development and promulgation of Actuarial Standards of Practice (ASOPs). These ASOPs describe the procedures an actuary should follow when performing actuarial services and identify what the actuary should disclose when communicating the results of those services.

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