- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
ASOP 1 | §4.2 | GOOD FAITH APPROACH
It is not appropriate for users of ASOPs to make a strained interpretation of the provisions of an ASOP.
ASOP 1 | Commentary Section | COMMENT ON SECTION 4.2
| Comment | Response |
|---|---|
| A commentator believes that the sentence “It is not appropriate for users of ASOPs to make a strained interpretation of the provisions of an ASOP “ is not needed because the point is covered by the first sentence, and also indicated that an undefined term like “strained” should not be used. | The reviewers believe the second sentence differs from the first and decided against deleting it. |
Feel free to use it throughout your financial/insurance life.
Sincerely,
www.FroogleMe.com
