Role of the Appointed Actuary

Abstract
The most dramatic new requirement adopted by the NAIC with respect to loss reserve opinions for 1992 is the concept of the Appointed Actuary. What does “appointed” mean? What are the qualifications, responsibilities and job descriptions? How did the position come to be and how it is likely to evolve? How do actuarial standards apply to the responsibilities of an appointed actuary? This session will explore these questions and more.
Page
693-708
Year
1992
Categories
Actuarial Applications and Methodologies
Accounting and Reporting
Statement of Actuarial Opinion (SAO);
Publications
CLRS Transcripts
Authors
Patrick J Grannan
Alfred O Weller
Michael J Miller