ACTUARIAL-BASICS5 MIN READ
Push Back on Bad Data Without Stalling
Request data clarification, define usable partial work, and disclose remaining limitations.
Owen O Operations lead S Specific P Partial D Disclosure Data deadline Renee has payroll but no class mapping for a workers compensation analysis. Using total payroll silently could distort expected loss cost. 5 top classes needed 4-6 pts possible rate swing Specific request, partial use, clear disclosure ASOP 23 supports practical judgment: improve what can be improved, use only what is suitable, and disclose material limits.
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