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TeachMeFinance.com - explain Actuarially sound Actuarially sound The term 'Actuarially sound ' as it applies to the area of agriculture can be defined as ' The financial goal of any insurance program (including the federal crop insurance program) is to operate on an actuarially sound basis; that is, total premiums collected should more than offset total indemnities paid out'. Previous 5 Terms: Actual Production History (APH) Actuarial Balance Actuarial Deficit Actuarial Rates Actuarial Status Next 5 Terms: ACTV aculeiform Acute acute angle Acute Care Hospital About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.