But the capital provided by the owners is what is used to backstop the insurance and ensure the pot always exists. The amount of capital needed is calculated by the actuaries but supplied by the owners.
This is why I’m confused why you listed both an interest on capital and an actuarial adjustment.
But the capital provided by the owners is what is used to backstop the insurance and ensure the pot always exists. The amount of capital needed is calculated by the actuaries but supplied by the owners.
This is why I’m confused why you listed both an interest on capital and an actuarial adjustment.