| Comment | Response |
|---|---|
| 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. |
- Froogled By:
- Elias Makere, FSA, MAAA
- Last Updated:
ASOP 3
(CONTINUING CARE RETIREMENT COMMUNITIES AND AT HOME PROGRAMS)
Commentary to Section 4
(COMMENTS & RESPONSES ON SECTION 4 OF THE EXPOSURE DRAFT)
Commentary on Section 4
ASOP 3 | Commentary Section 4.1 | COMMENT ON SECTION 4.1
ASOP 3 | Commentary Section 4.2 | COMMENT ON SECTION 4.2
| Comment | Response |
|---|---|
| One commentator suggested that the actuary may not know management's plan to address deficiencies for each unmet condition. Therefore, the actuary would be unable to disclose such information. | The reviewers agree and modified section 4.2. |
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