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Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
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ASOP 4 | §2.23 | PRESCRIBED ASSUMPTION OR METHOD SET BY LAW

A specific assumption or method that is mandated or that is selected from a specified range or set of assumptions or methods that is deemed to be acceptable by applicable law (statutes, regulations, or other legally binding authority). For this purpose, an assumption or method set by a governmental entity for a plan that such governmental entity or a political subdivision of that entity directly or indirectly sponsors is not deemed to be a prescribed assumption or method set by law.
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