Actuarial Report definition

Actuarial Report means a document or other presentation, prepared as a formal means of conveying the actuary’s professional conclusions and recommendations, of recording and communicating the methods and procedures, of assuring that the parties addressed are aware of the significance of the actuary’s opinion or findings and that documents the analysis underlying the opinion. The expected content of the report is further described in paragraph 7.

Actuarial Report means a document or other presentation prepared as a formal means of conveying to the state regulatory authority and the Board of Directors the Appointed Actuary’s professional conclusions and recommendations of recording and communicating the methods and procedures, of assuring that the parties addressed are aware of the significance of the Appointed Actuary’s opinion or findings, and of documenting the analysis underlying the opinion. The required content of the Actuarial Report is further described in paragraph 7. (Note that the inclusion of the Board of Directors as part of the intended audience for the Actuarial Report does not change the content of the Actuarial Report as described in paragraph 7. The Appointed Actuary should present findings to the Board of Directors in a manner deemed suitable for such audience.)

Actuarial Report has the meaning given to such term in Section 3.21.

Examples of Actuarial Report in a sentence

• A Casualty Actuary from the California Department of Insurance reviewed the Actuarial Report as of December 31, 2022 prepared by the Company’s independent actuary and concurred with the actuary’s conclusion that the Company’s loss and loss adjustment expense reserves as of December 31, 2022 were reasonable and have been accepted for purposes of this examination.

• The Actuarial Opinion and the Actuarial Report must be made available to the Board of Directors.

• When there is an affiliated company pooling arrangement, one Actuarial Report for the aggregate pool is sufficient, but there must be addendums to the Actuarial Report to cover non-pooled reserves for individual companies.

• The Actuarial Report must also include: • A description of the Appointed Actuary’s relationship to the Company, with clear presentation of the Appointed Actuary’s role in advising the Board of Directors and/or management regarding the carried reserves.

• Since the FY 2019 Actuarial Report, two significant things have occurred: (1) Economic/Investment Market downturn related to the Covid-19 pandemic and (2) the ERS Board recently lowered its assumed investment earnings rate from 7.5% to 7.0% - much more in line with future expectations.

More Definitions of Actuarial Report

Actuarial Report has the meaning set forth in Section 5.2(a).

Actuarial Report means a report received by the Superannuation Board under section 17(3) of the Act;

Actuarial Report means a report or analysis prepared by an

Actuarial Report has the meaning set forth in Section 3.1(r).

Actuarial Report. , for a Valuation Year, means a written report prepared in accordance with the Security Protocol wherein the Actuary sets out the amount of the benefits under the Plans of each Beneficiary as of each Determination Date in the Valuation Year and calculates the Corporate Liability, as of each Determination Date.

Actuarial Report. Section 3.10(c) “Admitted Excess Assets” Annex B “Agreement” Preamble

Actuarial Report has the meaning set forth in the Master Agreement.