Froogle | ASOP 4 | Section 3.24

ASOP 4 | §3.24 | ASSESSMENT OF ASSUMPTIONS AND METHODS NOT SELECTED BY THE ACTUARY

For each measurement date, the actuary should assess whether an assumption or method not selected by the actuary is reasonable for the purpose of the measurement, other than

1) prescribed assumptions or methods set by law and

2) assumptions or methods that the actuary has not selected and is unable to assess for reasonableness for the purpose of the measurement.

For purposes of this assessment, reasonable assumptions or methods are not necessarily limited to those the actuary would have selected for the measurement. In this assessment, the actuary should determine whether the assumption or method significantly conflicts with what, in the actuary’s professional judgment, would be reasonable for the purpose of the measurement. If, in the actuary’s professional judgment, there is a significant conflict, the actuary should disclose this conflict in accordance with section 4.2(a).

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ASOP 4 | §3.24 | ASSESSMENT OF ASSUMPTIONS AND METHODS NOT SELECTED BY THE ACTUARY

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