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Is an opinion that was considered a PSAO under the old standards now considered an SAO?

April 26, 2017Opinion sao Standards

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Is an opinion that was considered a PSAO under the old standards now considered an SAO?

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A PSAO is a type of SAO. Actuaries who issue certain PSAOs, such as those issued for the NAIC Life and A&H Annual Statement, NAIC Property and Casualty Annual Statement, and NAIC Health Annual Statement, must meet the Specific Qualification Standards (Section 3 of the revised standards) in addition to the General Qualification Standard (Section 2).