An actuary's letter is a legal document that defines the terms and conditions of an insurance policy. It also outlines the risks and benefits of the policy for both the insurer and the insured.
The actuary's letter is a summary of the calculations used to determine the transfer amount, typically in the form of a letter from the seller's actuary to the buyer's actuary. This letter is usually attached to the pensions schedule of an asset purchase agreement or share purchase agreement when a bulk transfer is made as part of the sale of a group of companies.
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