ASOP8 Reg Filings Flashcards
1
Q
ASOP 8 regulatory filings use of past experience. Adjust for changes in:
A
- Selection of risks
- Demographics
- Policy provisions
- Business operations
- Premium rates, claims payments, expenses, taxes
- Trends in mortality, morbidity and lapse
- Administrative procedures
- Credibility of data
2
Q
Assumptions for regulatory filings (rate filings or financial projections)
A
- Premium levels and future rate changes
- Enrollment projections
- Morbidity, mortality and lapsation levels and trends
- Expenses, commissions and taxes
- Investment earnings and the time value of money
- Health cost trends
- Expected financial results (profit margin, surplus level)
- Expected impact of reinsurance
