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

Indiana Statutes

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

Indiana·Title 27 INSURANCE·Art. 15 DEMUTUALIZATION OF MUTUAL INSURANCE·Ch. 3 Application for Conversion

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Indiana § 27-15-3-4 (Actuarial opinion requirements) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.