Actuarial Work definition

Actuarial Work. Work undertaken by a Member, or for which a Member is responsible, or in which a Member is involved, in their capacity as a person with actuarial skills on which the intended recipient of that work is entitled to rely. This may include carrying out calculations, modelling or the rendering of advice, recommendations, findings, or opinions.
View Source
Actuarial Work means any actuarial investigation, valuation, consulting or audit services, review or analysis of any nature whatsoever, for or without compensation.
View Source
Actuarial Work. In accordance with Applicable Requirements, including in particular TAS, the rendering or receipt of actuarial analysis and advice as to –  any Flood Risk, and  the management or mitigation of Flood Risks as further particularised in SOR section 5.5
View Source

Examples of Actuarial Work in a sentence

  • The Actuary shall conduct an initial review of the Standards of Actuarial Work and deliver a final written report of the review by April 1, 2020 (or such other date as may be agreed upon with the Executive Director).

  • Actuary represents and warrants that it has implemented necessary procedures to help assure that no actual conflict of interest arises during the term of this Agreement with respect to its provision of the Actuarial Work, and that Actuary shall at all times discharge its duties in a manner consistent with the Standard of Care it owes to LACERA.

  • The IFoA in its exercise of its regulatory functions as enshrined in the objects clause of its Royal Charter, and, more specifically as part of its regulatory strategy and in APS QA1, has set down requirements for Organisations participating in the QAS to assure the high quality of Actuarial Work through effective quality controls.

  • Such a study will be conducted in the manner provided for in the most recent Standards for Actuarial Work.

  • Actuarial Work The actuarial work phase of the project will produce the information required to comply with GASB 43/45.

  • The Organisation employs Members and recognises their professional responsibilities, the public interest importance of high quality Actuarial Work and the QAS.

  • Upon request, prepare actuarial cost estimates in conformance with Minnesota Statutes, Section 356.215, and the Standards for Actuarial Work regarding proposed legislation modifying benefit provisions or funding policies of a major or statewide Minnesota public employee pension plan.

  • For purposes of this Section 15 "Actuary" means [ACTUARIAL CONSULTING FIRM] that are performing the Actuarial Work under this Agreement.


More Definitions of Actuarial Work

Actuarial Work means the work of an actuary within the field of actuarial practice and includes acquisition of knowledge of the circumstances of the case, obtaining sufficient and reliable data, selection of assumptions and methods, calculations and examination of the reasonableness of their result, use of other persons’ work, formulation of opinion and advice, reporting, and documentation;
View Source