Louisiana Administrative Code
Title 37 - INSURANCE Part
Part XIII - Regulations
Chapter 21 - Regulation 47-Actuarial Opinion and Memorandum Regulation
Section XIII-2107 - Definitions

Universal Citation: LA Admin Code XIII-2107
Current through Register Vol. 50, No. 9, September 20, 2024

Actuarial Opinion-the opinion of an appointed actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with §2111 of this regulation and with applicable Actuarial Standards of Practice.

Actuarial Standards Board-the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.

Annual Statement-that statement required by Section R.S. 22:571 of the Insurance Law to be filed by the company with the office of the commissioner annually.

Appointed Actuary-an individual who is appointed or retained in accordance with the requirements set forth in §2109.C of this regulation to provide the actuarial opinion and supporting memorandum as required by R.S. 22:752.

Asset Adequacy Analysis-an analysis that meets the standards and other requirements referred to in §2109.D of this regulation

Commissioner-the commissioner of insurance of Louisiana.

Company-a life insurance company, fraternal benefit society or reinsurer subject to the provisions of this regulation.

Qualified Actuary-an individual who meets the requirements set forth in §2109.B of this regulation.

AUTHORITY NOTE: Promulgated in accordance with

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