Practical Lessons in Actuarial Science, Vol. 2: An Elementary Text-Book; Containing Also Questions and Examples; Tables (Classic Reprint) - Softcover

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Excerpt from Practical Lessons in Actuarial Science, Vol. 2: An Elementary Text-Book; Containing Also Questions and Examples; Tables

It was adopted by the State Of New York as its legal standard, interest being taken at four and one-half per cent, and this was followed by its adoption in several other States. When New York changed its interest assumption to four per cent, it also changed to the Actuaries' Table, but now to the American Experience Table and 356 per cent.

The American Experience Table is, however, largely employed by New York companies in their calculations, and notably in more recent departures, such as three per cent and three and one-half per cent reserves.

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