2013 Fall #1
Hi,
Why this question is classed under ASOP12? I didn't find the three purposes of risk classification in that paper. Is this question outdated or it refers to another paper?
Thanks,
CFX
Hi,
Why this question is classed under ASOP12? I didn't find the three purposes of risk classification in that paper. Is this question outdated or it refers to another paper?
Thanks,
CFX
Comments
The American Academy of Actuaries "Risk Classification Statement of Principles" is no longer on the syllabus. It was replaced by ASOP 12.
We recommend attempting this problem in the context of ASOP 12 by arguing either for or against the risk accumulation surcharge through applying the section on "issues and recommended practices when selecting risk characteristics".
Let us know if you would prefer to see this question labeled as outdated or if you would rather we modify this question to better fit the current syllabus.
Thank you for the reply. It would be great if you could provide your recommended answers under the new ASOP12. It could be under the "click" of the Battle Card.