ASOP.36 - Revision history

Graham at 18:36, 19 November 2025

2025-11-19T18:36:55Z

Graham at 17:41, 26 June 2024

2024-06-26T17:41:32Z

Graham at 17:41, 26 June 2024

2024-06-26T17:41:15Z

Graham at 12:37, 25 June 2024

2024-06-25T12:37:38Z

Graham at 12:37, 25 June 2024

2024-06-25T12:37:18Z

Graham: /* Study Tips */

2024-06-11T10:47:20Z

‎Study Tips

Graham: /* Study Tips */

2024-06-11T10:47:00Z

‎Study Tips

Graham at 10:45, 11 June 2024

2024-06-11T10:45:30Z

Graham: /* Study Tips */

2024-06-09T14:57:21Z

‎Study Tips

Graham at 14:38, 9 June 2024

2024-06-09T14:38:45Z

@@ Line 4: / Line 4: @@
 '''Author''': Actuarial Standards Board of the American Academy of Actuaries
-[https://www.battleacts6us.ca/vanillaforum6us/categories/asop-36<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://battleacts.discourse.group/c/candidates-6u/asop-36/173<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
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 || '''BA Quick-Summary''': <span style="color: green;>'''Actuarial Standards of Practice 36'''</span>
-The document provides guidance for actuaries issuing written statements on property/casualty loss and loss adjustment expense reserves.
+* The document provides guidance for actuaries issuing written statements on property/casualty loss and loss adjustment expense reserves.
 |}

@@ Line 4: / Line 4: @@
 '''Author''': Actuarial Standards Board of the American Academy of Actuaries
-&nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/asop-36<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
+[https://www.battleacts6us.ca/vanillaforum6us/categories/asop-36<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
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@@ Line 10: / Line 10: @@
 || '''BA Quick-Summary''': <span style="color: green;>'''Actuarial Standards of Practice 36'''</span>
-The document is an updated version of Actuarial Standard of Practice No. 36, providing guidance for actuaries issuing written statements on property/casualty loss and loss adjustment expense reserves. The revision aims to align ASOP No. 36 with ASOP No. 43, eliminating redundant guidance and ensuring consistency. Key sections include the purpose and scope of the standard, definitions, analysis of issues and recommended practices, and communications and disclosures, offering detailed instructions on preparing actuarial opinions and addressing potential risks and uncertainties.
+The document provides guidance for actuaries issuing written statements on property/casualty loss and loss adjustment expense reserves.
 |}

@@ Line 1: / Line 1: @@
 __FORCETOC__
-'''Reading''': “Actuarial Standard of Practice No. 36, '''Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves''',” December 2010, updated for deviation language in May 2011.
+'''Reading''': “Actuarial Standard of Practice No. 36, '''Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves''',” December 2010
 '''Author''': Actuarial Standards Board of the American Academy of Actuaries

@@ Line 1: / Line 1: @@
 __FORCETOC__
-'''Reading''': “Actuarial Standard of Practice No. 36, Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves,” December 2010, updated for deviation language in May 2011.
+'''Reading''': “Actuarial Standard of Practice No. 36, '''Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves''',” December 2010, updated for deviation language in May 2011.
 '''Author''': Actuarial Standards Board of the American Academy of Actuaries

@@ Line 29: / Line 29: @@
 * [[ASOP.43]] ''(Reserve Estimates)''.
-'''Estimated study time''': 10 milliseconds ''(for ASOP 36)'' <span style="color: green;">'''&nbsp;&rarr; But make sure to do the multiple choice quizzes on the SAO from the ''[[ASOP.36#Pop_Quiz Pop Quiz]]'' above'''</span>
+'''Estimated study time''': 10 milliseconds ''(for ASOP 36)'' <span style="color: green;">'''&nbsp;&rarr; But make sure to do the multiple choice quizzes on the SAO from the''' ''[[ASOP.36#Pop_Quiz | Pop Quiz]]'' '''above'''</span>
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 __FORCETOC__
-ASOP stands for ''Actuarial Standards of Practice'' . <u>ASOP 36</u> is titled ''Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves''. Much of the ASOP material is also contained in other readings. Occasionally there is an exam question directly from an ASOP that can't be found elsewhere but the ASOPs are primarily of value to a working actuary. They provide a concise summary of important principles.
+'''Reading''': “Actuarial Standard of Practice No. 36, Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves,” December 2010, updated for deviation language in May 2011.
 &nbsp;&nbsp;[https://www.battleacts6us.ca/vanillaforum6us/categories/asop-36<span style="font-size: 12px; background-color: lightgrey; border: solid; border-width: 1px; border-radius: 10px; padding: 2px 10px 2px 10px; margin: 0px;">'''Forum'''</span>]
@@ Line 18: / Line 20: @@
 ==Study Tips==
-There are 4 ASOPs: ''(Virtually all of the material in the ASOPs is included in higher-ranked readings.)''
+ASOP stands for ''Actuarial Standards of Practice'' . <u>ASOP 36</u> is titled ''Statements of Actuarial Opinion Regarding Property/Casualty Loss and Loss Adjustment Expense Reserves''. Much of the ASOP material is also contained in other readings. Occasionally there is an exam question directly from an ASOP that can't be found elsewhere but the ASOPs are primarily of value to a working actuary. They provide a concise summary of important principles.
 * [[ASOP.20]] ''(Discounting)''
@@ Line 25: / Line 29: @@
 * [[ASOP.43]] ''(Reserve Estimates)''.
-'''Estimated study time''': 10 milliseconds ''(for ASOP 36)''
+'''Estimated study time''': 10 milliseconds ''(for ASOP 36)'' <span style="color: green;">'''&nbsp;&larr; But do the multiple choice quizzes on the SAO'''</span>
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