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Froogle 1.1.1.7
Froogled By:
Elias Makere, FSA, MAAA
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ASOP 5 | §2.15 | TIME VALUE OF MONEY

The principle that an amount of money available at an earlier point in time has different usefulness and value than the same amount of money has at a later point in time.
ASOP 5 | Commentary Section 2.15 | COMMENT ON SECTION 2.15
Section 2.15, Trends (now section 2.16)
CommentResponse
One commentator suggested being more specific about the “elements” affecting incurred claims.The reviewers agree and added examples.
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