Discounting of Property and Casualty Loss and Loss ...

Actuarial Standard of Practice No. 20. Discounting of Property and Casualty loss and loss adjustment Expense Reserves Developed by the Subcommittee on Reserving of the Casualty Committee of the Actuarial Standards Board Adopted by the Actuarial Standards Board April 1992. (Doc. No. 037). TABLE OF CONTENTS. Transmittal Memorandum iv PREAMBLE. Section 1. Purpose, Scope, and Effective Date 1. Purpose 1. Scope 1. Effective Date 1. Section 2. Definitions 1. Asset Valuation Basis 1. Book Value 1. Credit Risk 1. Discounted reserve 1. Full-Value reserve 1. Investment Risk 2. Market Interest Rates 2. Market Risk 2.

iv April 1992 TO: Members of Actuarial Organizations Governed by the Standards of the Actuarial Standards Board and Other Persons Interested in Discounting of Property and Casualty Loss and Loss Adjustment Expense Reserves

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  Reserve, Property, Casualty, Adjustment, Loss, Expenses, Discounting, Discounting of property and casualty loss, Discounting of property and casualty loss and loss adjustment expense reserves

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