Actuarial Standards of Practice
Actuarial Standards of Practice (ASOPs) offer Academy members direction on the methodologies, techniques, procedures, and applications that embody sound practice principles within the United States.
These are standards developed by the relevant committee for this practice area(s) but not the only standards that may apply to a practitioner. It is up to the individual actuary to review the standards and determine which ones apply to their work.
Topic: General
Effective Date: 06/01/2013
Topic: Life
Effective Date: 06/01/2022
Topic: Health
Effective Date: 06/01/2022
ASOP 4
Measuring Pension Obligations and Determining Pension Plan Costs or Contributions
Status: Adopted ReadTopic: Pension
Effective Date: 02/13/2023
Topic: Health
Effective Date: 09/01/2017
ASOP 8
Regulatory Filings for Health Benefits, Accident and Health Insurance, and Entities Providing Health Benefits
Status: Adopted ReadTopic: Health
Effective Date: 09/01/2014
Topic: General
Effective Date: 05/01/2006
Topic: Casualty
Effective Date: 11/01/2009
ASOP 14
Repeal of ASOP No. 14 – When to Do Cash Flow Testing for Life and Health Insurance Companies
Status: Adopted Read
ASOP 15
Dividends for Individual Participating Life Insurance, Annuities, and Disability Insurance
Status: Adopted ReadTopic: Life
Effective Date: 08/01/2006
Topic: General
Effective Date: 12/01/2018
Topic: Health
Effective Date: 09/01/2022
Topic: Life
Effective Date: 11/01/2005
Topic: Casualty
Effective Date: 12/01/2023
ASOP 21
Responding to or Assisting Auditors or Examiners in Connection with Financial Audits, Financial Reviews, and Financial Examinations
Status: Adopted ReadTopic: General
Effective Date: 12/15/2016
Topic: General
Effective Date: 04/30/2017
Topic: General
Effective Date: 04/30/2017
Topic: General
Effective Date: 05/01/2014
ASOP 26
Compliance with Statutory and Regulatory Requirements for the Actuarial Certification of Small Employer Health Benefit Plans
Status: Adopted ReadTopic: Health
Effective Date: 01/01/1997
Topic: Pension
Effective Date: 01/01/2025
ASOP 28
Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities
Status: Adopted ReadTopic: Health
Effective Date: 10/01/2024
ASOP 29
Expense Provisions for Prospective Property/Casualty Risk Transfer and Risk Retention
Status: Adopted ReadTopic: Casualty
Effective Date: 07/01/2024
ASOP 30
Treatment of Profit and Contingency Provisions and the Cost of Capital in Property/Casualty Insurance Ratemaking
Status: Adopted ReadTopic: Casualty
Effective Date: 12/01/1997
ASOP 31
Repeal of ASOP No. 31 – Documentation in Health Benefit Plan Ratemaking
Status: Adopted ReadTopic: General
Effective Date: 09/01/2021
ASOP 33
Actuarial Responsibilities with Respect to Closed Blocks in Mutual Life Insurance Company Conversions
Status: Adopted ReadTopic: Life
Effective Date: 06/01/1999
ASOP 34
Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions
Status: Adopted ReadTopic: Pension
Effective Date: 12/01/2015
ASOP 35
Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations
Status: Superseded ReadTopic: Pension
Effective Date: 01/01/2025
ASOP 36
Statements of Actuarial Opinion Regarding Property/Casualty Loss, Loss Adjustment Expense, or Other Reserves
Status: Adopted ReadTopic: Casualty
Effective Date: 10/01/2024
ASOP 37
Allocation of Policyholder Consideration in Mutual Life Insurance Company Demutualizations
Status: Adopted ReadTopic: Life
Effective Date: 12/15/2000
Topic: General
Effective Date: 12/01/2021
ASOP 39
Treatment of Catastrophe Losses in Property/Casualty Insurance Ratemaking
Status: Adopted ReadTopic: Casualty
Effective Date: 12/15/2000
ASOP 40
Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to X Factors
Status: Adopted ReadTopic: Life
Effective Date: 09/15/2024
Topic: General
Effective Date: 05/01/2011
ASOP 42
Health and Disability Actuarial Assets and Liabilities Other Than Liabilities for Incurred Claims
Status: Adopted ReadTopic: Health
Effective Date: 08/01/2018
Topic: Casualty
Effective Date: 09/01/2007
Topic: Pension
Effective Date: 03/15/2008
Topic: Health
Effective Date: 07/01/2012
ASOP 46 & 47
Risk Evaluation in Enterprise Risk Management & Risk Treatment in Enterprise Risk Management
Status: N/A ReadTopic: Life
Effective Date: 04/30/2014
Topic: Health
Effective Date: 08/01/2015
ASOP 50
Determining Minimum Value and Actuarial Value under the Affordable Care Act
Status: Adopted ReadTopic: Health
Effective Date: 01/31/2016
ASOP 51
Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions
Status: Adopted ReadTopic: Pension
Effective Date: 11/01/2018
ASOP 52
Principle-Based Reserves for Life Products under the NAIC Valuation Manual
Status: Adopted ReadTopic: Life
Effective Date: 12/31/2017
ASOP 53
Estimating Future Costs for Prospective Property/Casualty Risk Transfer and Risk Retention
Status: Adopted ReadTopic: Casualty
Effective Date: 08/01/2018
Topic: Life
Effective Date: 12/01/2018
Topic: ERM
Effective Date: 11/01/2019
Topic: ERM
Effective Date: 05/01/2025