ASSUMPTIONS
1) Identify assumptions except prescribed, by law and stipulated in terms of agreement
2) In selecting best estimate assumptions, take into account work, past experience, rltsp of past to expected future experience, anti-selection.
3) Need : Model assumptions, data assumptions (relieves insufficiency and unreliability) and other assumptions (legal, econ., demographic and social environment)
4) Includes PfAD if required by law or terms of engagement