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actuary |
Also found in: Legal, Wikipedia, Hutchinson | 0.02 sec. |
actuaryOne who calculates insurance risks and premiums. Actuaries compute the probability of the occurrence of such events as birth, marriage, illness, accidents, and death. They also evaluate the hazards of property damage or loss and the legal liability for the safety and well-being of others. Usually employed by insurance companies, actuaries set premium rates based on statistical studies, establish underwriting procedures, and determine the amounts of money required to assure the payment of benefits. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| ? Mentioned in | ? References in periodicals archive | |
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Under these authorities, he believed
that he had an obligation to report his actuarial analysis to
Congress, without informing the Administrator of the specifics of the
Congressional request or his analysis in response to the request. Statistical files that have been
the traditional means of actuarial analysis are no longer adequate and
are unable to support an enterprise requirement to strategically manage
risk. The Baker decision reaffirms that taxpayers entering retirement
communities may continue to deduct the medical portion of their entrance
and monthly care fees; no costly actuarial analysis is needed. |
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