Indiana § 27-15-3-4 Actuarial opinion requirements

Indiana Statutes

§ 27-15-3-4 — Actuarial opinion requirements

Indiana § 27-15-3-4

Title 27INSURANCE

Art. 15DEMUTUALIZATION OF MUTUAL INSURANCE

Ch. 3Application for Conversion

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Bluebook

Ind. Code § 27-15-3-4 (2026).

Text

The actuarial opinion required by this chapter shall be:

(1)provided and signed by a qualified and independent actuary who is a member of the American Academy of Actuaries;

(2)given in accordance with professional standards and practices generally accepted by the actuarial profession and those other factors as the actuary believes are reasonable and appropriate in the exercise of professional judgment at the time the opinion is given;

(3)supported by a memorandum of the actuary, describing the calculations made in support of the opinion and the assumptions used in the calculations; and

(4)submitted to the commissioner.

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The actuarial opinion required by this chapter
shall be:
(1) provided and signed by a qualified and independent actuary
who is a member of the American Academy of Actuaries;
(2) given in accordance with professional standards and practices
generally accepted by the actuarial profession and those other
factors as the actuary believes are reasonable and appropriate in
the exercise of professional judgment at the time the opinion is
given;
(3) supported by a memorandum of the actuary, describing the
calculations made in support of the opinion and the assumptions
used in the calculations; and
(4) submitted to the commissioner.