- Froogled By:
- Elias Makere, FSA, MAAA
- Last Froogled:
ASOP 3 | §1.1 | PURPOSE
ASOP 3 | Commentary Section 1.1 | COMMENT ON SECTION 1.1
| Comment | Response |
|---|---|
| One commentator felt that the limitation to “At Home Programs that are not regulated as insurance entities” is repeated in sections 1.1 and 1.2, and felt one would infer that [At Home Programs] offered by licensed insurers are subject to different standards though it’s hard to understand why the actuarial characteristics would be differentiated. | The reviewers believe that this language is necessary to distinguish At Home Programs from long-term care insurance, which would be covered under ASOP No. 18, Long-Term Care Insurance, and made no change. |
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