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Froogle 1.1.1.7
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Froogled By:
Elias Makere, FSA, MAAA
Last Froogled:

ASOP 3 | Commentary Section 3.6 | COMMENT ON SECTION 3.6

Section 3.6.4, Future Use of Physical Property
CommentResponse
One commentator noted that in developing the present value of physical property and operating expenses both involve allocation of expenses to level of care.The committee agreed and modified section 3.6.4 to reflect the allocation of physical property expenses to level of care.
Section 3.6.6, Future Refunds Due to Refund Guarantees
CommentResponse
One commentator suggested changing “refund guarantee” terminology due to the uncertain nature of the contractual provision.The reviewers disagree and made no change in response to this comment.
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