This educational note provides guidance to actuaries who decide to use alternative settlement methods for hypothetical wind-up and solvency valuations.
An educational note on this subject was originally issued on September 18, 2013 and was subsequently updated April 23, 2020. This educational note has been updated to reflect the changes to references following the revisions as of December 1, 2022 to Part 3000 of the Standards of Practice effective December 1, 2022. This educational note is otherwise unchanged from the prior note.