Actuary, Enrolled
Definition of "Actuary, enrolled"
Individual who has met professional standards of the Internal Revenue Service and the Department of Labor for signing the actuarial reports required by the Employee Retirement Security Act of 1974 Title II. An enrolled actuary may certify annually that benefit cost and funding requirements of a pension plan have been calculated according to accepted actuarial principles as a best estimate of expected experience of the pension plan.
Popular Insurance Terms
Inland marine policy to cover liability for goods that belong to clients while in a mover's possession. ...
One that combines the two forms of ownership, stock and mutual. A stock insurance company is owned by stockholders, whereas a mutual insurance company is owned by its policyholders. A mixed ...
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State in which an insurance company has its principal legal residence; where an individual resides in a fixed permanent home. ...
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Mechanism for providing coverage when the insured's underinsured motorist coverage limit is more than the tort feasor's limit of liability. ...
Time interval between the date benefits end under Social Security and the date these benefits resume. For example, survivor benefits are paid only as long as the parent (if less than age ...
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