Read. Think. Write.: The Statement of Actuarial Opinion for the Health Annual Statement

By Thomas D. Snook and Robert H. Dobson · Society of Actuaries · 2004

An article in the Society of Actuaries' Health Section News, October 2004 (Issue No. 48), on signing the actuarial opinion on a health insurer's annual statement. It reviews the six opinions the signing actuary must offer for each item in the statement of actuarial opinion, what they mean in practice, and some case studies, focusing on weaknesses in practice.

On the syllabus

Exam GH-201U — Outcomes 2e; the whole article.

Read, Think, Write

What Do We Opine On?

The liabilities are in accordance with accepted actuarial standards…

…are based on appropriate actuarial assumptions…

… meet the requirements of the state…

…make good and sufficient provision…

…consistent with the preceding year-end…

…provision for all items which ought to be established…

A Hypothetical Case Study

Other Concerns

ASOP 16
Data Reliance
Asset Adequacy
Variability of Results

Summary

Sources

Read. Think. Write.: The Statement of Actuarial Opinion for the Health Annual Statement (Snook and Dobson, Health Section News, October 2004) — the document: title, authors, opening paragraphs and section headings
SOA GH 201U syllabus, Nov 2026/Mar 2027/Jul 2027 — the citation and the assigned scope