Canadian Institute of Actuaries Standards of Practice definition

Canadian Institute of Actuaries Standards of Practice means the Canadian Institute of Actuaries Standards of Practice (December 2008), developed and adopted by the Actuarial Standards Board and published by the Canadian Institute of Actuaries; (“Normes de pratique de l’Institut canadien des actuaires”)
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Canadian Institute of Actuaries Standards of Practice means the Canadian Institute of Actuaries Standards of Practice developed and adopted by the Actuarial Standards Board, from time to time, and published by the Canadian Institute of Actuaries;
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Examples of Canadian Institute of Actuaries Standards of Practice in a sentence

  • Plausible Adverse ScenariosIn accordance with the Canadian Institute of Actuaries Standards of Practice specific to pension plans, below are scenarios of adverse but plausible assumptions, relative to the assumptions otherwise selected for the valuation.

  • Assess whether each assumption listed above would be acceptable for determining the lump sum amounts under the Canadian Institute of Actuaries Standards of Practice assuming no pension legislation exists.

  • Provision for future credit lossesAs a component of insurance contract liabilities, the total actuarial provision for future credit losses is determined consistent with the Canadian Institute of Actuaries' Standards of Practice and includes provisions for adverse deviation.

  • The minimum commuted values provided to members are determined in accordance with the Canadian Institute of Actuaries Standards of Practice for Pension Commuted Values.

  • June 30, 2022 December 31, 2021 The Canadian Institute of Actuaries Standards of Practice for the valuation of insurance contract liabilities establish limits on the investment return assumptions for publicly traded common stocks and other non-fixed income assets which are generally based on historical returns on market indices.

  • These methods can introduce extra- neous edges and require tuning a parameter (the radial threshold or neighbor count).

  • The Canadian Institute of Actuaries Standards of Practice require that each assumption be independently reasonable and that assumptions be appropriate in aggregate.

  • Solution:(a) Calculate the commuted value interest rates under Section 3500 of the Canadian Institute of Actuaries' Standards of Practice as at the member's date of termination.

  • These assets remain impaired based on impairment factors as described in the "Summary of Critical Accounting Estimates" section of this document and in note 2 of the Company's December 31, 2022 annual consolidated financial statements.Provision for future credit lossesAs a component of insurance contract liabilities, the total actuarial provision for future credit losses is determined consistent with the Canadian Institute of Actuaries' Standards of Practice and includes provisions for adverse deviation.

  • The Osborne Report points to Article 4150 of the Canadian Institute of Actuaries Standards of Practice – General Standards which provide that "the actuary's role…is to assist the court…and the actuary is not to be an advocate for one side of the matter in a dispute".

Related to Canadian Institute of Actuaries Standards of Practice

  • Uniform Standards of Professional Appraisal Practice means the current standards of the appraisal profession, developed for appraisers and users of appraisal services by the Appraisal Standards Board of the Appraisal Foundation.

  • Standards of Practice means the care, skill, and

  • Generally accepted standards of medical practice means standards that are based upon: credible scientific evidence published in peer-reviewed medical literature and generally recognized by the relevant medical community; physician and health care provider specialty society recommendations; the views of physicians and health care providers practicing in relevant clinical areas and any other relevant factor as determined by statute(s) and/or regulation(s).

  • Society Act means the Society Act of the Province of British Columbia from time to time in force and all amendments to it;

  • standards of generally recognised accounting practice means an accounting practice complying with standards applicable to municipalities or municipal entities as determined by the Accounting Standards Board

  • Clean air standards, as used in this clause, means:

  • Scope of practice means defined parameters of various duties or services that may be provided by an individual with specific credentials. Whether regulated by rule, statute, or court decision, it tends to represent the limits of services an individual may perform.

  • Practice of medicine or osteopathic medicine means the prevention, diagnosis and treatment of

  • Practice of podiatry means the prevention, diagnosis, treatment, and cure or alleviation of physical

  • Registered Health Practitioner means a health practitioner registered, or licensed, as a health practitioner (or as a health practitioner of a particular type) under a law of a State or Territory that provides for the registration or licensing of health practitioners (or health practitioners of that type).

  • Health practitioner means a registered health practitioner registered or licensed as a health practitioner under an appropriate law of the State of Tasmania.

  • Auditing Profession Act ’ means the Auditing Profession Act, 2005 (Act No. 26 of 2005);

  • Licensed health care practitioner means a physician, as defined in Section 1861(r)(1) of the Social Security Act, a registered professional nurse, licensed social worker or other individual who meets requirements prescribed by the Secretary of the Treasury.

  • Good Industry Practice means standards, practices, methods and procedures conforming to the Law and the degree of skill and care, diligence, prudence and foresight which would reasonably and ordinarily be expected from a skilled and experienced person or body engaged in a similar type of undertaking under the same or similar circumstances.

  • Practice of chiropractic means the adjustment of the 24 movable vertebrae of the spinal column,

  • Practice of acupuncture means the stimulation of certain points on or near the surface of the body

  • Best management practice (BMP means a structural device or nonstructural practice designed to temporarily store or treat stormwater runoff in order to mitigate flooding, reduce pollution, and provide other amenities.

  • Codes of Practice shall have the meaning given to the term in Clause 1.2 of Schedule 3;

  • Good Industry Practices means the practices that would be adopted by, and the exercise of that degree of care, skill, diligence, prudence and foresight that reasonably would be expected from, a competent contractor in the international oil and gas industry experienced in performing work similar in nature, size, scope and complexity to the Work and under conditions comparable to those applicable to the Work, where such work is subject to, and such contractor is seeking to comply with, the standards and codes specified in the Contract or (to the extent that they are not so specified) such national or international standards and codes as are most applicable in the circumstances, and the applicable Law.

  • Practice of pharmacy means providing pharmacist care requiring specialized knowledge, judgment, and skill derived from the principles of biological, chemical, behavioral, social, pharmaceutical, and clinical sciences. As used in this division, "pharmacist care" includes the following:

  • Managed health care system means: (a) Any health care

  • Allied Health Professional means a person registered as an allied health professional with the Health Professions Council;

  • fradulent practice means a misrepresentation or omission of facts in order to influence a procurement process or the execution of contract;

  • Chinese Medicine Practitioner means a Chinese medicine practitioner who is duly registered with the Chinese Medicine Council of Hong Kong pursuant to the Chinese Medicine Ordinance (Cap. 549) of the laws of Hong Kong, but excluding the Insured Person, the Policyholder, an insurance intermediary, an employer, employee, Immediate Family Member or business partner of the Policyholder and/or Insured Person.

  • Corrupt practices means the offering, giving, receiving or soliciting of anything of value to influence the action of a Government official in procurement process or in contract execution: and

  • Licensed health care professional means a person who possesses a professional medical license that is valid in Oregon. Examples include, but are not limited to, a registered nurse (RN), nurse practitioner (NP), licensed practical nurse (LPN), medical doctor (MD), osteopathic physician (DO), respiratory therapist (RT), physical therapist (PT), physician assistant (PA), or occupational therapist (OT).