Examples of the services covered by this ASOP include the following:
b. estimating actuarial values of assets and liabilities;
c. evaluating the fee structure for existing contractual residents or members, or a cohort of new contractual residents or members;
d. developing population projections, including contractual resident or member movements, independent living unit turnover, and health center utilization;
e. projecting future cash flows and cash and investment balances;
f. designing and pricing new residency agreements or membership agreements;
g. estimating the future services obligation under GAAP;
h. assisting in developing financial feasibility studies;
i. performing mortality, morbidity, and withdrawal experience studies; and
j. providing appropriate rates of mortality, morbidity, or life expectancies.
If the actuary determines that the guidance in this ASOP conflicts with a cross-practice ASOP (applies to all practice areas), this ASOP governs.
If the actuary departs from the guidance set forth in this standard in order to comply with applicable law (statutes, regulations, and other legally binding authority), or for any other reason the actuary deems appropriate, the actuary should refer to section 4. If a conflict exists between this standard and applicable law, the actuary should comply with applicable law.
