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.
May 01, 2011 · 3.3.2 Actuarial Considerations 5 3.3.3 Other Considerations 5 3.3.3 Reasonableness of Results 5 3.4 Testing the Risk Classification System 5 3.4.1 Effect of Adverse Selection 5 3.4.2 Risk Classes Used for Testing 6 3.4.3 Effect of …
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