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
Rule that provides four requirements for monitoring the independent agent distribution system: The insurance company must be involved in the training of the independent agent. The ...
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Expenses and damages incurred as the result of damage to a ship and its cargo and/or of taking direct action to prevent initial or further damage to the ship and its cargo. These expenses ...
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