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ASB Approves Exposure Draft of a Revision of ASOP No. 2
Actuarial Standards Board Link to more items from this source
Apr. 16, 2019
"The ASB recently approved an exposure draft of a revision of ASOP No. 2, now titled 'Nonguaranteed Elements for Life Insurance and Annuity Products'.... Notable changes from the existing ASOP include clarification to the scope, expansion and clarification of definitions and guidance, and the introduction of the concept of an insurer's NGE framework, which includes the determination policy, how policy classes are established, and the practices used to determine NGE scales."

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