[[Actuarial Notes Wiki|Wiki]] / [[Actuarial Resources]] / [[Standards]] / ==Actuarial Standards of Practice (ASOPs)== ## Actuarial Standards of Practice (ASOPs) _Source: [Actuarial Standards Board](http://www.actuarialstandardsboard.org/standards-of-practice/) as of February 2026_ **ASOPs** describe the procedures an actuary should follow when performing actuarial services and identify what the actuary should disclose when communicating the results of those services. - [Actuarial Standards Board](https://www.actuarialstandardsboard.org/standards-of-practice/) ### Current ASOPs |ASOP|Name|Category|PDF| |---|---|---|---| |1|Introductory Actuarial Standard of Practice|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2013/10/asop001_170.pdf)| |2|Nonguaranteed Elements for Life Insurance and Annuity Products|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2021/12/asop002_204-2.pdf)| |3|Continuing Care Retirement Communities and At Home Programs|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2021/10/asop003_202-1.pdf)| |4|Measuring Pension Obligations and Determining Pension Plan Costs or Contributions|Pension|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2022/02/asop004_205.pdf)| |5|Incurred Health and Disability Claims|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2017/04/asop005_186.pdf)| |6|Measuring Retiree Group Benefits Obligations and Determining Retiree Group Benefits Program Periodic Costs or Actuarially Determined Contributions|Pension, Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2015/04/asop006_177-3.pdf)| |7|Life or Health Cash Flow Analysis|Life, Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2026/01/asop007_219.pdf)| |8|Regulatory Filings for Health Benefits, Accident and Health Insurance, and Entities Providing Health Benefits|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/08/asop008_176.pdf)| |10|U.S. GAAP for Long-Duration Life, Annuity, and Health Products|Life, Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2023/01/asop010_207.pdf)| |11|Treatment of Reinsurance or Similar Risk Transfer Programs Involving Life Insurance, Annuities, or Health Benefit Plans in Financial Reports|Life, Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2021/05/asop011__199.pdf)| |12|Risk Classification (for All Practice Areas)|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop012_132.pdf)| |13|Trending Procedures in Property/Casualty Insurance|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2013/12/asop013_133.pdf)| |15|Dividends for Individual Participating Life Insurance, Annuities, and Disability Insurance|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/06/asop015_134.pdf)| |17|Expert Testimony by Actuaries|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2018/07/asop017_192.pdf)| |18|Long-Term Care|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2022/04/asop018_206-.pdf)| |19|Appraisals of Casualty, Health, and Life Insurance Businesses|Life, Health, Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop019_137.pdf)| |20|Analysis of Property/Casualty Cash Flows, Including Discounting|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2026/01/asop020_220.pdf)| |21|Responding to or Assisting Auditors or Examiners in Connection with Financial Audits, Financial Reviews, and Financial Examinations|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop-021_183.pdf)| |22|Statements of Actuarial Opinion Based on Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Other Liabilities|Life, Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2021/11/asop022_203.pdf)| |23|Data Quality|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2017/01/asop023_185.pdf)| |24|NAIC Life Insurance Illustrations Model Regulation|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2024/09/asop024_217.pdf)| |25|Credibility Procedures|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop025_174.pdf)| |26|Compliance with Statutory and Regulatory Requirements for the Actuarial Certification of Small Employer Health Benefit Plans|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop026_144.pdf)| |27|Selection of Assumptions for Measuring Pension Obligations|Pension|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2024/05/asop027_211.pdf)| |28|Statements of Actuarial Opinion Regarding Health Insurance Assets and Liabilities|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2024/06/asop028_214.pdf)| |29|Expense Provisions for Prospective Property/Casualty Risk Transfer and Risk Retention|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2024/02/asop029_210.pdf)| |30|Treatment of Profit and Contingency Provisions and the Cost of Capital in Property/Casualty Insurance Ratemaking|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop030_148.pdf)| |32|Social Insurance|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2020/06/asop032_196.pdf)| |33|Actuarial Responsibilities with Respect to Closed Blocks in Mutual Life Insurance Company Conversions|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop033_150.pdf)| |34|Actuarial Practice Concerning Retirement Plan Benefits in Domestic Relations Actions|Pension|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop034_180.pdf)| |36|Statements of Actuarial Opinion Regarding Property/Casualty Loss, Loss Adjustment Expense, or Other Reserves|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2024/09/asop036_213.pdf)| |37|Allocation of Policyholder Consideration in Mutual Life Insurance Company Demutualizations|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop037_154.pdf)| |38|Catastrophe Modeling (for All Practice Areas)|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2021/08/asop038_201.pdf)| |39|Treatment of Catastrophe Losses in Property/Casualty Insurance Ratemaking|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop039_156.pdf)| |40|Compliance with the NAIC Valuation of Life Insurance Policies Model Regulation with Respect to X Factors|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2024/05/asop040_212-1.pdf)| |41|Actuarial Communications|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop041_120.pdf)| |42|Health and Disability Actuarial Assets and Liabilities Other Than Liabilities for Incurred Claims|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2018/04/asop042_191.pdf)| |43|Property/Casualty Unpaid Claim Estimates|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop043_159.pdf)| |44|Selection and Use of Asset Valuation Methods for Pension Valuations|Pension|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop044_160.pdf)| |45|The Use of Health Status Based Risk Adjustment Methodologies|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop045_164.pdf)| |48|Life Settlements Mortality|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop048_1751.pdf)| |49|Medicaid Managed Care Capitation Rate Development and Certification|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2015/03/asop049_179.pdf)| |50|Determining Minimum Value and Actuarial Value under the Affordable Care Act|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2015/10/asop050_182.pdf)| |51|Assessment and Disclosure of Risk Associated with Measuring Pension Obligations and Determining Pension Plan Contributions|Pension|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2017/10/asop051_188.pdf)| |52|Principle-Based Reserves for Life Products under the NAIC Valuation Manual|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2017/10/asop052_189.pdf)| |53|Estimating Future Costs for Prospective Property/Casualty Risk Transfer and Risk Retention|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2018/01/asop053_190.pdf)| |54|Pricing of Life Insurance and Annuity Products|Life|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2018/07/asop054_193.pdf)| |55|Capital Adequacy Assessment|General, ERM|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2019/06/asop055_194.pdf)| |56|Modeling|General|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2020/01/asop056_195-1.pdf)| |57|Statements of Actuarial Opinion Not Based on an Asset Adequacy Analysis for Life Insurance, Annuity, or Health Insurance Reserves and Related Actuarial Items|Life, Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2024/02/asop057_208.pdf)| |58|Enterprise Risk Management|General, ERM|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2025/01/asop058_218.pdf)| ### Repealed ASOPs |ASOP|Name|Original Category|PDF| |---|---|---|---| |9|Documentation and Disclosure in Property and Casualty Insurance Ratemaking, Loss Reserving, and Valuations|Casualty|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop009_105.pdf)| |14|When to Do Cash Flow Testing for Life and Health Insurance Companies|Life, Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop014_082.pdf)| |16|Actuarial Practice Concerning Health Maintenance Organizations and Other Managed-Care Health Plans|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop016_104.pdf)| |31|Documentation in Health Benefit Plan Ratemaking|Health|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2014/02/asop031_115.pdf)| |35|Selection of Demographic and Other Noneconomic Assumptions for Measuring Pension Obligations|Pension|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2025/01/asop035_215.pdf)| |46 & 47|Risk Evaluation in Enterprise Risk Management & Risk Treatment in Enterprise Risk Management|ERM|[PDF](https://www.actuarialstandardsboard.org/wp-content/uploads/2025/01/asop046and047repeal_219.pdf)|