California Code of Regulations
Title 10 - Investment
Chapter 5 - Insurance Commissioner
Subchapter 3 - Insurers
Article 3 - Annual Statements
Premiums in Course of Collection
Section 2306 - Documents Accompanying the Life and Accident and Health Annual Statement Blank Which Must Be Signed by an Actuary

(a) Documents accompanying the filing of the Life and Accident and Health Annual Statement Blank with the State of California Insurance Department shall include a statement of actuarial opinion:

(b) The details of actuarial analysis will be given in the statement of actuarial opinion. If it is necessary for more than one actuary to prepare a statement of actuarial opinion, each actuary shall prepare a separate statement of actuarial opinion.

(c) In preparing the statement of actuarial opinion, each actuary shall take particular care in the preparation of the opinion paragraph making specific reference to the items and the amounts listed for which the actuary is submitting an opinion. If, for any reason, the actuary cannot render an unqualified opinion regarding any of the points defined in the instructions to the blank with respect to the opinion paragraph, specific details must be given as to why an unqualified opinion is not given. For the 1975 Annual Statement Blank, the Department will consider restrictions of determination of opinion because of insufficient information only in those situations where the financial operations of the company appear to justify further actuarial analysis, and in those situations will require a complete statement of actuarial opinion on a delayed basis.

(d) After 1975 it is expected that the actuary will have sufficient time to prepare the statement of actuarial opinion so that such statement of opinion will only on rare occasions be incomplete because of insufficient information.