ASOP 2
(NONGUARANTEED ELEMENTS FOR LIFE INSURANCE AND ANNUITY PRODUCTS)
(Table of Contents)
| Passage | Title |
|---|---|
| Entire Section | Introduction |
| §0.0 | Transmittal Memorandum |
| §0.1 | Authors |
| Passage | Title |
|---|---|
| Entire Section | Section 1 (Purpose, Scope, Cross References, and Effective Date) |
| §1.1 | Purpose |
| §1.2 | Scope |
| §1.3 | Cross References |
| §1.4 | Effective Date |
| Passage | Title |
|---|---|
| Entire Section | Section 2 (Definitions) |
| §2.0 | Intro to Section 2 |
| §2.1 | Anticipated Experience Factor |
| §2.2 | Determination Policy |
| §2.3 | Guaranteed Element |
| §2.4 | Nonguaranteed Element (NGE) |
| §2.5 | NGE Framework |
| §2.6 | NGE Scale |
| §2.7 | Policy |
| §2.8 | Policy Class |
| §2.9 | Profitability Metric |
| Passage | Title |
|---|---|
| Entire Section | Section 3 (Analysis of Issues and Recommended Practices) |
| §3.1 | NGE Framework |
| §3.2 | Providing Advice on the Actuarial Aspects of the Determination Policy |
| §3.3 | Establishment of or Changes to Policy Classes |
| §3.4 | Determination Process for NGE Scales |
| §3.5 | NGEs Used in Illustrations Not Subject to ASOP No. 24 |
| §3.6 | Providing Opinions and Disclosures to Meet Regulatory Requirements |
| §3.7 | Reliance on Others for Data, Projections, and Supporting Analysis |
| §3.8 | Reliance on Assumptions or Methods Selected by Another Party |
| §3.9 | Reliance on Another Actuary |
| §3.10 | Documentation |
| Passage | Title |
|---|---|
| Entire Section | Section 4 (Communications and Disclosures) |
| §4.1 | Required Disclosures in an Actuarial Report |
| §4.2 | Additional Disclosures in an Actuarial Report |
| Passage | Title |
|---|---|
| Entire Appendix | Appendix 1 (Background and Current Practices) |
| Appendix 1 | Background and Current Practices |
| Passage | Title |
|---|---|
| All Commentary | Comments on the Exposure Draft and Responses |
| §0.0 | Intro to the ASOP Commentary |
| Cmmtry §1 | Comments & Responses on Section 1 of the Exposure Draft |
| Cmmtry §1.2 | Comment on Section 1.2 |
| Cmmtry §1.4 | Comment on Section 1.4 |
| Cmmtry §2 | Comments & Responses on Section 2 of the Exposure Draft |
| Cmmtry §2.1 | Comment on Section 2.1 |
| Cmmtry §2.3 | Comment on Section 2.3 |
| Cmmtry §2.4 | Comment on Section 2.4 |
| Cmmtry §2.6 | Comment on Section 2.6 |
| Cmmtry §2.9 | Comment on Section 2.9 |
| Cmmtry §3 | Comments & Responses on Section 3 of the Exposure Draft |
| Cmmtry §3.1 | Comment on Section 3.1 |
| Cmmtry §3.2 | Comment on Section 3.2 |
| Cmmtry §3.3 | Comment on Section 3.3 |
| Cmmtry §3.4 | Comment on Section 3.4 |
| Cmmtry §3.5 | Comment on Section 3.5 |
| Cmmtry §3.6 | Comment on Section 3.6 |
| Cmmtry §4 | Comments & Responses on Section 4 of the Exposure Draft |
| Cmmtry §4.1 | Comment on Section 4.1 |
| Cmmtry App. 1 | Comments & Responses on Appendix 1 of the Exposure Draft |
Feel free to use any/all of its sections throughout your financial/insurance/actuarial life.
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