| Comment | Response |
|---|---|
| A commentator suggested that the phrase “recognizing that reasonable differences may arise when actuaries project the effect of uncertain events” in this discussion also belonged in the discussion of reasonable. | The reviewers agree and added the sentence “Because actuarial practice commonly involves the estimation of uncertain events, there will often be a range of reasonable methods and assumptions, and two actuaries could follow a particular ASOP, both using reasonable methods and assumptions, and reach different but reasonable results” to the discussion of reasonable. |
- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
ASOP 1 | §2.8 | COMMENT ON SECTION 2.8
Feel free to use it throughout your financial/insurance life.
Sincerely,
www.FroogleMe.com
