Actuarial Work definition

Actuarial Work means any actuarial investigation, valuation, consulting or audit services, review or analysis of any nature whatsoever, for or without compensation.
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Actuarial Work. Work undertaken by a Member, or for which a Member is responsible, or in which a Member is involved, in their capacity as a person with actuarial skills on which the intended recipient of that work is entitled to rely. This may include carrying out calculations, modelling or the rendering of advice, recommendations, findings, or opinions.
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Actuarial Work. In accordance with Applicable Requirements, including in particular TAS, the rendering or receipt of actuarial analysis and advice as to –  any Flood Risk, and  the management or mitigation of Flood Risks as further particularised in SOR section 5.5
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Examples of Actuarial Work in a sentence

  • For purposes of this Section 15 "Actuary" means [ACTUARIAL CONSULTING FIRM] that are performing the Actuarial Work under this Agreement.

  • Actuary represents and warrants that it has implemented necessary procedures to help assure that no actual conflict of interest arises during the term of this Agreement with respect to its provision of the Actuarial Work, and that Actuary shall at all times discharge its duties in a manner consistent with the Standard of Care it owes to LACERA.


More Definitions of Actuarial Work

Actuarial Work means the work of an actuary within the field of actuarial practice and includes acquisition of knowledge of the circumstances of the case, obtaining sufficient and reliable data, selection of assumptions and methods, calculations and examination of the reasonableness of their result, use of other persons’ work, formulation of opinion and advice, reporting, and documentation;
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Related to Actuarial Work

  • Actuarial method means the method of allocating a fixed level monthly payment on an obligation between principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of (a) 1/12, (b) the fixed annual rate of interest on such obligation and (c) the outstanding principal balance of such obligation.

  • Actuarial equivalent means a benefit of equal value when

  • Actuarial opinion means the opinion of an appointed actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with subrule 5.34(6) and with applicable actuarial standards.

  • Actuarial Standards Board means the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.

  • Retirement Benefit means the benefit set forth in Article 5.

  • Death Benefit means the insurance amount payable under the Certificate at death of the Insured, subject to all Certificate provisions dealing with changes in the amount of insurance and reductions or termination for age or retirement. It does not include any amount that is only payable in the event of Accidental Death.

  • Lump Sum means the total sum which will have become payable to the Contractor by the Principal upon completion of the Works.

  • Net Benefit means the present value of the Covered Payments net of all federal, state, local, foreign income, employment and excise taxes.

  • Early Retirement Benefit means the retirement benefit payable to a member following early

  • Net death benefit means the amount of the life insurance policy or certificate to be settled less any outstanding debts or liens.

  • Accrued Benefit means the amount standing in a Participant's Account(s) as of any date derived from both Employer contributions and Employee contributions, if any.

  • Monthly Benefit means the monthly amount payable by Liberty to you if you are Disabled or Partially Disabled.