Pennsylvania Code
Title 31 - INSURANCE
Part VIII - Miscellaneous Provisions
Chapter 162 - LIFE AND HEALTH REINSURANCE AGREEMENTS
Section 162.7 - Responsibility of valuation actuary
Universal Citation: 31 PA Code ยง 162.7
Current through Register Vol. 54, No. 12, March 23, 2024
The ceding insurer's actuary who signs the financial statement actuarial opinion with respect to valuation of reserves shall consider this chapter and applicable actuarial standards of practice when determining the proper credit in financial statements filed with the Department. The actuary should maintain adequate documentation and be prepared upon request to describe the actuarial work performed for inclusion in the financial statements and to demonstrate that the work conforms to this chapter.
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