Transcription of Risk Classification (for All Practice Areas)
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Risk Classification (for All Practice Areas)
Actuarial Standard of Practice No. 12. Risk Classification (for All Practice Areas). Revised Edition Developed by the Task Force to Revise ASOP No. 12 of the General Committee of the Actuarial Standards Board Adopted by the Actuarial Standards Board December 2005. Updated for Deviation Language Effective May 1, 2011. (Doc. No. 132). ASOP No. 12 December 2005. TABLE OF CONTENTS. Transmittal Memorandum iv STANDARD OF Practice . Section 1. Purpose, Scope, Cross References, and Effective Date 1. Purpose 1. Scope 1. Cross References 1. Effective Date 2. Section 2. Definitions 2. Advice 2. Adverse Selection 2. Credibility 2. Financial or Personal Security System 2. Homogeneity 2. Practical 2. Risk(s) 2. Risk Characteristics 2. Risk Class 2. Risk Classification System 3. Section 3. Analysis of Issues and Recommended practices 3. Introduction 3. Considerations in the Selection of Risk Characteristics 3.
May 01, 2011 · ASOP No. 12—December 2005 iv December 2005 TO: Members of the American Academy of Actuaries and Other Persons Interested in Risk Classification (for All Practice Areas) FROM: Actuarial Standards Board (ASB) SUBJ: Actuarial Standard of Practice (ASOP) No. 12 This booklet contains the final version of a revision of ASOP No. 12, now titled Risk ...
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