| Comment | Response |
|---|---|
| One commentator suggested providing more guidance on the term “review.” | The reviewers believe the guidance is appropriate and therefore made no change. |
| One commentator suggested adding consideration of contractual provisions before establishing or changing policy classes. | The reviewers believe the guidance is appropriate and note that section 3.3.1 states that “the actuary should take into account the policy provisions.” |
Section 3.3.1, For Future Sales of a New or Existing Product
| Comment | Response |
|---|---|
| One commentator disagreed that policies can be assigned to more than one policy class. | The reviewers believe the guidance is appropriate and made no change. |
| Comment | Response |
|---|---|
| One commentator suggested deleting the item that says that the actuary should not expect to redefine policy classes after issue. | The reviewers added clarifying language and examples to section 3.3.1. |
| One commentator suggested adding “unless changes in anticipated experiences support changes to policy classes.” | The reviewers made no change in this section but added clarifying language to address redefinition of policy classes after issue in section 3.3.2. |
| Comment | Response |
|---|---|
| One commentator stated that this section should recognize that some policies cannot be reassigned if the actuary is limited by contract language. | The reviewers believe this is covered in the requirement to follow the guidance in section 3.3.1 and made no change in response to this comment. |
| One commentator suggested identifying and using a different example. | The reviewers believe the example is appropriate and made no change. |
