Actuarial liabilities definition

Actuarial liabilities means the excess of the present value of all benefits payable under a defined

Actuarial liabilities means the excess of the present value of all benefits payable under a defined benefit retirement plan over the present value of future normal costs in that retirement plan.

Actuarial liabilities means the excess of the present value of all benefits payable under a retirement system over the present value of future normal costs in that retirement system.

Examples of Actuarial liabilities in a sentence

• Actuarial liabilities are recognised when contracts are entered into and premiums are charged.

• Actuarial liabilities include two major components: a best estimate reserve and a provision for adverse deviations.

• Actuarial liabilities represent the amount which, together with estimated future premiums and net investment income, will be sufficient to pay estimated future policy benefits, policyholder dividends, taxes (other than income taxes) and expenses on policies in force.

• Actuarial liabilities are recognised when contracts are entered into and contributions are charged as determined by the annual actuarial valuation are based on the Islamic Financial Services Act, 2013 as well as the relevant statutory requirements stated in the Guidelines on Valuation Basis for Liabilities of Family Takaful Business.

• Actuarial liabilities are computed at the end of each period, resulting in benefits and expenses being matched with the premium revenue.

• Actuarial liabilities represent the amounts which, together with estimated future premiums and net investment income, will provide for all the life and health insurance subsidiaries’ commitments regarding estimated future benefits, contract holder dividends and related expenses.

• Actuarial liabilities are recognized for the sponsored defined benefit plans that report an actuarial deficit.

• Actuarial liabilities are recognised when Takaful contracts are entered into and contributions are charged.

• Actuarial liabilities of these linked products are stated at the same value as the underlying supporting investments.

• Summary of Significant Accounting Policies (Continued) (r) Actuarial liabilities (continued)The Group segments assets to support liabilities by major product segment and geographic market and establishes investment strategies for each liability segment.

More Definitions of Actuarial liabilities

Actuarial liabilities means the actuarial liabilities of the Plan on any date, as determined by the Actuary using the method and assumptions employed in determining the value of the actuarial liabilities of the Plan in the last actuarial valuation of the Plan filed prior to the date of such determination with the applicable regulatory authorities pursuant to the requirements of the Pension Benefits Act and the Income Tax Act.

Actuarial liabilities means the actuarial liabilities determined on the basis used by the company for making returns of actuarial liabilities in terms of the insurance legislation of the Republic;

Actuarial liabilities has the meaning ascribed thereto in Section 9.7(e);

Actuarial liabilities mean the liabilities of the Plan calculated by the Actuary in accordance w it h t he A ct ua r ia l A s s um pt io ns a nd Methods, excluding any future Indexing provided to Pensioners pursuant to Article 7.1(a) of this Agreement;

Actuarial liabilities means the present value of estimated policy benefits and costs less the present value of future premiums (adjusted for provision for adverse deviations) and are a measure of the amounts which, together with future premiums and investment income, will be required by a life insurance company in order to discharge its obligations under its insurance policies and annuity contracts and to pay expenses related to the administration of those policies and contracts.