actuarially legal definition of actuarially. actuarially synonyms by the Free Online Law Dictionary.

A statistician who computes insurance and Pension rates and premiums on the basis of the experience of people sharing similar age and health characteristics.

The profession also includes statisticians who provide expert data analysis on risk assessment and risk management for the financial services sector. Actuaries are most often employed within the insurance industry, but also prepare and assess data for commercial and investment banks, retirement and pension fund administrators, or are self-employed as consultants. Specific data prepared by actuaries is often presented in the form of actuarial tables (mortality tables) that indicate the life expectancy of an individual. Such tables may be used as the bases for calculating estimated insurance premiums or monthly retirement annuities. When utilized by expert witnesses, actuarial tables are admissible in evidence to show life expectancy. Juries may award damages to plaintiffs for compromised life expectancy resulting from the alleged wrongdoing of tortfeasors (wrongdoers).

ACTUARY. A clerk in some corporations vested with various powers. In the ecclesiastical law he is a clerk who registers the acts and constitutions of the convocation.

? References in periodicals archive
Annual OPEB cost for most employers will be based on actuarially determined amounts that, if paid on an ongoing basis, generally would provide sufficient resources to pay benefits as they come due. GASB issues statement addressing Postemployment Benefits Other than ... by CPA Letter , cause employees to forfeit) pension benefit payments to employees who work beyond normal retirement age, without actuarially increasing the monthly benefit when the employee does retire (assuming the employee retires before attaining age 70 1/2), as long as the employer provides the suspension-of-benefits notice required by the DOL regulations when the employee attains normal retirement age. Consequences of failing to provide suspension-of-benefits notice by Valer, Robert D. / The Tax Adviser Various reductions of attack probability illustrated the impact of these estimates on the calculation of actuarially fair premiums. A focus of deer tick virus transmission in the Northcentral United ... by Telford, Sam R., III / Emerging Infectious Diseases More results

References in periodicals archive

Annual OPEB cost for most employers will be based on actuarially determined amounts that, if paid on an ongoing basis, generally would provide sufficient resources to pay benefits as they come due.

GASB issues statement addressing Postemployment Benefits Other than ... by CPA Letter

, cause employees to forfeit) pension benefit payments to employees who work beyond normal retirement age, without actuarially increasing the monthly benefit when the employee does retire (assuming the employee retires before attaining age 70 1/2), as long as the employer provides the suspension-of-benefits notice required by the DOL regulations when the employee attains normal retirement age.

Consequences of failing to provide suspension-of-benefits notice by Valer, Robert D. / The Tax Adviser

Various reductions of attack probability illustrated the impact of these estimates on the calculation of actuarially fair premiums.

A focus of deer tick virus transmission in the Northcentral United ... by Telford, Sam R., III / Emerging Infectious Diseases

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Actuary (redirected from actuarially)

Actuary
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