1. Actuary aware of event before or after calculation date? Before After Not treated as subsequent event – incorporated into analysis Did event occur before or after calculation date? Before After Effect of event material? NoYes No change to report – inform auditor Event due to error in data, assumptions, calculations, and/or methodology? NoYes Knowledge before or after report date? BeforeAfter Action required – correct and communicate Is event Type A or Type B? Type AType B Action required – include effect of event in estimate of policy liabilities in financial statements Disclosure required in notes to financial statements More than one of these actions may occur Include in future report(s) Withdraw report Amend Report Title Subsequent Event Decision Tree

2. Actuary aware of event before or after calculation date? Before After Case 0 Subsequent Event Decision Tree

3. Actuary aware of event before or after calculation date? Before Not treated as subsequent event – incorporated into analysis Case 1 After Subsequent Event Decision Tree Back 1 Step

4. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? Before After Case 2a Before Subsequent Event Decision Tree Back 1 Step

5. Actuary aware of event before or after calculation date? After Not treated as subsequent event – incorporated into analysis Did event occur before or after calculation date? Before After Case 2b Subsequent Event Decision Tree Back 1 Step

6. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? Before After Effect of event material? NoYes Case 3a Subsequent Event Decision Tree Back 1 Step

7. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? NoYes No change to report – inform auditor Case 3b Subsequent Event Decision Tree Back 1 Step

8. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? NoYes Event due to error in data, assumptions, calculations, and/or methodology? NoYes Case 4a Subsequent Event Decision Tree Back 1 Step

9. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? Yes Event due to error in data, assumptions, calculations, and/or methodology? NoYes Action required – correct and communicate Case 4b Subsequent Event Decision Tree Back 1 Step

10. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? Yes Event due to error in data, assumptions, calculations, and/or methodology? NoYes Knowledge before or after report date? BeforeAfter Case 5a Subsequent Event Decision Tree Back 1 Step

11. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? Yes Event due to error in data, assumptions, calculations, and/or methodology? No Knowledge before or after report date? BeforeAfter More than one of these actions may occur Include in future report(s) Withdraw report Amend Report Case 5b Subsequent Event Decision Tree Back 1 Step

12. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? Yes Event due to error in data, assumptions, calculations, and/or methodology? No Knowledge before or after report date? BeforeAfter Is event Type A or Type B? Type AType B Case 6a Subsequent Event Decision Tree Back 1 Step

13. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? Yes Event due to error in data, assumptions, calculations, and/or methodology? No Knowledge before or after report date? Before Is event Type A or Type B? Type AType B Action required – include effect of event in estimate of policy liabilities in financial statements Case 6b Subsequent Event Decision Tree Back 1 Step

14. Actuary aware of event before or after calculation date? After Did event occur before or after calculation date? After Effect of event material? Yes Event due to error in data, assumptions, calculations, and/or methodology? No Knowledge before or after report date? Before Is event Type A or Type B? Type AType B Disclosure required in notes to financial statements Case 6c Subsequent Event Decision Tree Back 1 Step

15. Actuary aware of event before or after calculation date? Before After Not treated as subsequent event – incorporated into analysis Did event occur before or after calculation date? Before After Effect of event material? NoYes No change to report – inform auditor Event due to error in data, assumptions, calculations, and/or methodology? NoYes Knowledge before or after report date? BeforeAfter Action required – correct and communicate Is event Type A or Type B? Type AType B Action required – include effect of event in estimate of policy liabilities in financial statements Disclosure required in notes to financial statements More than one of these actions may occur Include in future report(s) Withdraw report Amend Report Animated – DO NOT DELETE Subsequent Event Decision Tree