With zero settlement delay the death claim has the original year-end valuation
Provedactuarial_c_delay_zeroactuarial-scienceinsurancelife-contingency
With zero settlement delay the death claim has the original year-end valuation.
Mathematical relation:
The declared assumptions restrict the life law, discount and coverage exactly as required. This is an open actuarial theorem, derived from realised claim events or their expected values.
Preamble
import Mathlib.Data.Real.Basic import Mathlib.Algebra.BigOperators.Group.Finset.Basic import Definitions.Def_actuarial_c_death import Definitions.Def_actuarial_c_path import Definitions.Def_actuarial_c_epv import Definitions.Def_actuarial_c_delayPath import Definitions.Def_actuarial_c_delayEPV open ActuarialAssurances
Formal statement
theorem actuarial_c_delay_zero (h : ℕ) (v : ℝ) (b p : ℕ → ℝ) : delayEPV h 0 v b p=epv h v b p := by sorry
Source
Original derived finite life-contingency specification; S. David Promislow (2015), Fundamentals of Actuarial Mathematics, 3rd edition, Chapter 5, Section 5.1, claim processing and payment timing, printed p. 61. https://www.oreilly.com/library/view/fundamentals-of-actuarial/9781118782521/ftoc.xhtml. The cited material establishes actuarial context and payment conventions. This particular finite Lean declaration is not a verbatim published theorem.
Human review
Confirmed by the mission captain (proposal self-audit).
Confirmed by the moderator at approval.