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Signed Final_-__GovInvest_Licensing_Agreement_-_San_Leandro_CA_.pdf
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Signed Final_-__GovInvest_Licensing_Agreement_-_San_Leandro_CA_.pdf
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<br /> <br /> <br /> <br /> <br />Actuarial Services and Technology <br />Licensing Agreement <br /> <br /> Page 10 <br /> <br />Attachment D <br />Disclaimer of Software Analysis <br /> <br />Company will use census data, plan provisions, and actuarial assumptions provided by Customer and/or <br />Customer’s actuary to develop the software for Customer. Company will rely on this information without <br />audit. Company does not set actuarial assumptions. <br />Company will provide software with financially sound projections and analysis, but does not guarantee <br />compliance with actuarial standards for funding and accounting purposes under Government Accounting <br />Standards Board or Generally Accepted Accounting Principles. <br />The software will not be prepared in accordance with the actuarial standards of practice or actuarial <br />compliance guidelines as promulgated by the American Academy of Actuaries nor will outputs constitute <br />a Statement of Actuarial Opinion. Software results are not suitable for financial reporting purposes. <br /> <br />While the software is tested against actuarial valuation results, the software results will not match, nor are <br />intended to match actuarial valuation results. <br /> <br />DocuSign Envelope ID: 78D3A626-AEAC-4461-AE01-ECB7F35A867EDocuSign Envelope ID: 979F4EA5-B4B7-42B9-9BBA-3AC34697934B
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