Question

Applicable law may prescribe material assumptions and methods which the actuary should make the following disclosures within the actuarial report:

a) The actuary's favorite assumptions
b) Disclosures of conflicts of interest
c) Personal opinions
d) Future predictions

Answer 1

Applicable law may prescribe certain disclosures in an actuarial report, including assumptions, conflicts of interest, and future predictions.

Step-by-step explanation:

Applicable law in the actuarial field may require the actuary to disclose certain information within the actuarial report. These disclosures typically include:

1. Favorable assumptions: The actuary must disclose any material assumptions made in the actuarial calculations.
2. Conflicts of interest: The actuary should disclose any conflicts of interest that may influence their objectivity or independence.
3. Future predictions: The actuary must provide disclosures regarding the predictions made about the future, based on the assumptions and methods used.

However, personal opinions are not typically included in the actuarial report.