Courtesy of the Actuarial Standards Board: Below are all current actuarial standards of practice adopted by the ASB. Note: Each ASOP has been updated to reflect the newly adopted Deviation language effective May 1, 2011. Click here to propose an idea for a Standard.
To obtain a hard copy of any current ASOP, please e-mail asbrequests@actuary.org.
Actuarial Standard of Practice No. 1—Introductory Actuarial Standard of Practice
Actuarial Standard of Practice No. 2—Nonguaranteed Charges or Benefits for Life Insurance Policies and Annuity Contracts
Actuarial Standard of Practice No. 3—Continuing Care Retirement Communities
Actuarial Standard of Practice No. 4—Measuring Pension Obligations
Actuarial Standard of Practice No. 4 [Revised]—Measuring Pension Obligations and Determining Pension Plan Costs or Contributions
Actuarial Standard of Practice No. 5—Incurred Health and Disability Claims
Actuarial Standard of Practice No. 6—Measuring Retiree Group Benefit Obligations
Actuarial Standard of Practice No. 6 [Revised]—Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Program Periodic Costs or Actuarially Determined Contributions
Actuarial Standard of Practice No. 7—Analysis of Life, Health, or Property/Casualty Insurer Cash Flows
Actuarial Standard of Practice No. 8—Regulatory Filings for Health Plan Entities
Actuarial Standard of Practice No. 8 [Revised]—Regulatory Filings for Health Benefits, Accident and Health Insurance, and Entities Providing Health Benefits
Actuarial Standard of Practice No. 9—Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations
Actuarial Standard of Practice No. 10—Methods and Assumptions for Use in Life Insurance Company Financial Statements Prepared in Accordance with U.S. GAAP
Actuarial Standard of Practice No. 11—Financial Statement Treatment of Reinsurance Transactions Involving Life or Health Insurance
Actuarial Standard of Practice No. 12—Risk Classification (for All Practice Areas)
Actuarial Standard of Practice No. 13—Trending Procedures in Property/Casualty Insurance
Actuarial Standard of Practice No. 14—When to Do Cash Flow Testing for Life and Health Insurance Companies
Actuarial Standard of Practice No. 15—Dividends for Individual Participating Life Insurance, Annuities, and Disability Insurance
Actuarial Standard of Practice No. 16—Actuarial Practice Concerning Health Maintenance Organizations and Other Managed-Care Health Plans
Actuarial Standard of Practice No. 17—Expert Testimony by Actuaries
Actuarial Standard of Practice No. 18—Long-Term Care Insurance
Actuarial Standard of Practice No. 19—Appraisals of Casualty, Health, and Life Insurance Businesses
Actuarial Standard of Practice No. 20—Discounting of Property/Casualty Unpaid Claim Estimates
Actuarial Standard of Practice No. 21—Responding to or Assisting Auditors or Examiners in Connection with Financial Statements for All Practice Areas
Actuarial Standard of Practice No. 22—Statements of Opinion Based on Asset Adequacy Analysis by Actuaries for Life or Health Insurers
Actuarial Standard of Practice No. 23—Data Quality
Actuarial Standard of Practice No. 24—Compliance with the NAIC Life Insurance Illustrations Model Regulation
Actuarial Standard of Practice No. 25—Credibility Procedures Applicable to Accident and Health, Group Term Life, and Property/Casualty Coverages
Actuarial Standard of Practice No. 25 [Revised]—Credibility Procedures
Actuarial Standard of Practice No. 26—Compliance with Statutory and Regulatory Requirements for the Actuarial Certification of Small Employer Health Benefit Plans
Actuarial Standard of Practice No. 27—Selection of Economic Assumptions for Measuring Pension Obligations
Actuarial Standard of Practice No. 27 [Revised]—Selection of Economic Assumptions for Measuring Pension Obligations (Revised Edition)
Actuarial Standard of Practice No. 28—Statements of Actuarial Opinion Regarding Health Insurance Liabilities and Assets
Actuarial Standard of Practice No. 29—Expense Provisions in Property/Casualty Insurance Ratemaking
Actuarial Standard of Practice No. 30—Treatment of Profit and Contingency Provisions and the Cost of Capital in Property/Casualty Insurance Ratemaking
Actuarial Standard of Practice No. 31—Documentation in Health Benefit Plan Ratemaking
Actuarial Standard of Practice No. 32—Social Insurance
Actuarial Standard of Practice No. 33—Actuarial Responsibilities with Respect to Closed Blocks in Mutual Life Insurance Company Conversions
Actuarial Standard of Practice No. 34—Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions
Actuarial Standard of Practice No. 35—Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations
Actuarial Standard of Practice No. 36—Statement of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves
Actuarial Standard of Practice No. 37—Allocation of Policyholder Consideration in Mutual Life Insurance Company Demutualizations
Actuarial Standard of Practice No. 38—Using Models Outside The Actuary’s Area of Expertise (Property and Casualty)
Actuarial Standard of Practice No. 39—Treatment of Catastrophe Losses in Property/Casualty Insurance Ratemaking
Actuarial Standard of Practice No. 40—Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to Deficiency Reserve Mortality
Actuarial Standard of Practice No. 41—Actuarial Communications
Actuarial Standard of Practice No. 42—Determining Health and Disability Liabilities Other Than Liabilities for Incurred Claims
Actuarial Standard of Practice No. 43—Property/Casualty Unpaid Claim Estimates
Actuarial Standard of Practice No. 44—Selection and Use of Asset Valuation Methods for Pension Valuations
Actuarial Standard of Practice No. 45—The Use of Health Status Based Risk Adjustment Methodologies
Actuarial Standard of Practice No. 46—Risk Evaluation in Enterprise Risk Management
Actuarial Standard of Practice No. 47—Risk Treatment in Enterprise Risk Management
Actuarial Standard of Practice No. 48—Life Settlements Mortality
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