Actuarial Rate

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Actuarial Rate

An estimate of the future loss on a pension fund based on historical loss under similar circumstances. The actuarial rate may be right or wrong, and can result in an actuarial gain or an actuarial loss for the company. See also: Actuarial Assumptions.
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The proposition faces opposition from some lawmakers who believe people who could afford second homes or vacation homes generally have sufficient income to pay actuarial rates for flood insurance.
They would also need to compete with the NFIP, which as a government entity is able to offer coverage that is, on average, below actuarial rates.
5% of sum insured for food & oilseed crops; incase of annual commercial/horticultural crops and higher sum insured & indemnity level than that of normal for food & Oilseed crops, actuarial rates of premium are charged; 10% premium subsidy for small & marginal farmers; Financial liability except where actuarial premium is charged, is shared between the Central and State Governments on 50:50 basis.
Without a legislative delay, rates will continue to rise to actuarial rates over the coming years.
Those reforms include phasing in new actuarial rates for certain properties, such as second and vacation homes, commercial properties, homes sold to new owners and repetitive loss properties, during the next five years.
Additional optional policy coverage would be added under the bill, allowing business owners to purchase business-interruption coverage at actuarial rates to better prepare them to meet payroll and other obligations during the next big storm.
Anyway, the income the pension pot buys at the end of it all depends on actuarial rates prevailing at the time, which nobody can guess.
GAO reviewed the Centers for Medicare and Medicaid Services' (CMS) rule on monthly actuarial rates for aged and disabled enrollees in the Medicare Supplementary Medical Insurance (SMI) program for 2003 and the monthly and the monthly SMI premium rate to be paid by all enrollees during 2003.
It is believed that by forcing corporations to recognize more conservative valuations for pension liabilities, the new standards give will managements a strong motive to compensate by using discretionary actuarial rates that may be advantageous in the short run, but are ultimately unrealistic.
The Biggerts-Waters Act had imposed actuarial rates on all NFIP premiums.
Small-business owners will be eligible to purchase business-interruption coverage at actuarial rates to better prepare them to meet payroll and other obligations during a big storm.
Phasing in of actuarial rates on vacation homes, second homes and nonresidential properties subsidized by the program.
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