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Elias Makere, FSA, MAAA
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ASOP 3 | Commentary Section 4.1 | COMMENT ON SECTION 4.1

Section 4.1, Required Disclosures in an Actuarial Report
CommentResponse
One commentator suggested more specific guidance regarding disclosure of demographic assumptions.The reviewers agree and modified section 4.1(g) to reflect this comment.
One commentator suggested that there should be a requirement to show sufficient detail to permit another qualified actuary to assess the level and pattern of each assumption.The reviewers note that ASOP No. 41, Actuarial Communications, contains these requirements and applies to all actuarial reports issued. Therefore, the reviewers made no change in response to this comment.
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