§ 27-1-35-13 — Opinions of independent casualty actuaries or independent loss reserve specialists

Indiana § 27-1-35-13

• Jurisdiction: Indiana
• Title 27: INSURANCE
• Art. 1: DEPARTMENT OF INSURANCE
• Ch. 35: Business Transacted With Producer Controlled Property

Text

In addition to any other required loss reserve
certification, the controlled insurer shall annually, on April 1 of each
year, file with the commissioner an opinion of an independent casualty
actuary or such other independent loss reserve specialist acceptable to
the commissioner reporting loss ratios for each line of business written
and attesting to the adequacy of loss reserves established for losses
incurred and outstanding as of year end (including incurred but not
reported) on business placed by the producer.

Legislative History

As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.