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TEXAS DEPARTMENT OF INSURANCERegulatory Policy Division Life and Health Lines Office (1061D)LAH302 | 0417333 Guadalupe, Austin, Texas 78701 PO Box 149104, Austin, Texas 787149104 (512) 6766676 | F:
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Gather all relevant data and information related to the assumptions.
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Identify the total assumptions which directly impact the overall scenario or decision making.
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Break down the total assumptions into partial assumptions based on specific elements or factors.
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Decision makers who rely on assumptions to make informed choices.
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Total assumptions are based on full knowledge of the facts, while partial assumptions are made when not all relevant information is available.
Taxpayers and businesses that need to estimate certain values for tax purposes.
Total and partial assumptions can be filled out by using available information and making reasonable estimates where necessary.
The purpose of total and partial assumptions is to provide a basis for making informed decisions and calculations.
Information such as revenues, expenses, assets, liabilities, and other financial data may need to be reported on total and partial assumptions.
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