Actuarial Adjustment
Barron's Insurance Dictionary:
Top
Actuarial Adjustment
Modification in premiums, reserves, and other values to reflect actual loss experience and expenses and expected benefits to be paid.
| Actual Cash Value, Actual Authority (Express Authority), Acts | |
| Actuarial Board For Counseling and Discipline, Actuarial Consultant, Actuarial Cost Methods |
Investopedia Financial Dictionary:
Top
Actuarial Adjustment
A revision made to reserves, premiums and other values based on a company's actual loss experience as well as expenses and expected benefits to be paid.
Investopedia Says:
In pension arrangements, actuarial adjustments are made to the retirement benefits when an individual retires before or after normal pension age. The most common actuarial adjustment is an actuarial reduction made to retirement benefits when a member retires before the normal pension age, which takes into consideration the additional years the member is expected to receive benefits.
Related Links:
If you've got excellent math skills, they can add up to a lucrative career as an actuary. Insure Your Future With A Career As An Actuary
The first written policy appeared in Hammurabi's Code. Find out how it evolved from there. The History Of Insurance
Don't go to work without this policy in place - especially if your work is in your home. Insurance Coverage: A Business Necessity
Avoid shelling out for these policies and you could save hundreds of dollars. Extended Warranties: Should You Take The Bait?
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
Read more
