Transcription of Revised ASOP #3 - edit 1 - Actuarial Standards Board
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N EXPOSURE DRAFT n Proposed Revision of Actuarial Standard of Practice No. 3 continuing Care Retirement Communities Comment Deadline April 30, 2007 Developed by the Task Force to Revise ASOP No. 3 of the Health Committee of the Actuarial Standards Board Approved for Exposure by the Actuarial Standards Board December 2006 EXPOSURE DRAFT December 2006 T A B L E O F C O N T E N T S Transmittal Memorandum v STANDARD OF PRACTICE Section 1. Purpose, Scope, Cross References, and Effective Date 1 Purpose 1 Scope 1 Cross References 2 Effective Date 2 Section 2. Definitions 2 Additional Fee 2 Actuarial Balance Sheet 2 Advance Fee 2 Cash and Investment Balance 2 Cohort of New Residents 2 continuing Care Retirement Community (CCRC) 2 Fee Structure 2 Health Care Guarantee 3 Health Center 3 Independent Living Unit 3 Levels of Care 3 Living Unit 3 Morbidity
n EXPOSURE DRAFT n Proposed Revision of Actuarial Standard of Practice No. 3 Continuing Care Retirement Communities Comment Deadline April …
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