actuarial basis definition
actuarial basis. , in relation to a policy, means the underlying actuarial rules, specifications and formulae, approved by the valuator of the registered insurer or reinsurer, in terms of which a policy operates and is executed as contemplated by this Act;
actuarial basis. , in relation to a policy, means the underlying actuarial rules, specifications and formulae in terms of which the policy operates, which:
actuarial basis means an actuarial adjustment to SERP Benefits that must be made as required by Code Section 409A when there is a change made by a Participant to a previously elected or deemed-elected form of payment paid over a lifetime. Reasonable actuarial assumptions to make such adjustment shall be established in writing from time to time by the Administrative Committee.
More Definitions of actuarial basis
actuarial basis means the assumptions and methods generally accepted and used by fellows of the Canadian Institute of Actuaries to establish, in relation to the contingencies of human life such as death, accident, sickness and disease, the costs of pension benefits, life insurance, disability insurance, health insurance and other similar benefits, including their actuarial equivalents; O. Reg. 286/01, s. 1.
actuarial basis means the basis (using an interest rate and a mortality table that does not discriminate on the basis of sex) in force for Plan purposes at the relevant time as adopted by the Retirement Committee on the advice of the Actuary.
actuarial basis means the assumptions and methods generally accepted and used by fellows of the Canadian Institute of Actuaries to establish the cost of insurance in relation to the contingencies of human life, such as death, accident, sickness and disease;
actuarial basis means the assumptions and methods gener- ally accepted and used by fellows of the Canadian Institute of Actuaries to establish the cost of insurance;
actuarial basis means a determination based on the following actuarial assumptions:
actuarial basis means the assumptions and methods generally accepted and used by actuaries to establish the cost of life insurance in relation to the contingencies of human life. (« base actuarielle »)