Rules & Regulations of the State of Tennessee
Title 0780 - Commerce and Insurance
Subtitle 0780-01 - Insurance Division
Chapter 0780-01-30 - Relating to the Signature of an Accredited Actuary on Annual Statements Before Filing
Section 0780-01-30-.02 - DEFINITION OF ACCREDITED ACTUARY

Universal Citation: TN Comp Rules and Regs 0780-01-30-.02

Current through September 24, 2024

For the purposes of this regulation, an accredited actuary is one who has been so designated by the Department and whose name is listed in the register of accredited actuaries maintained by the Department. All members in good standing of the American Academy of Actuaries shall automatically be designated accredited actuaries and listed in the register of accredited actuaries. In addition, the Department may grant accreditation to others upon submission of evidence by the applicant that he:

(1) has a B.S., B.A., or B.B.A. degree from an accredited college or university;

(2) has satisfied the Department that he has a substantial knowledge or actuarial science including mathematical statistics, life contingencies, demography, construction of mortality and morbidity tables, life insurance accounting, and the valuation of liabilities of life insurance companies; and

(3) has been engaged in the practice of actuarial science of a grade and character satisfactory to the Department for at least seven (7) years.

Authority: T.C.A. §§ 56-1-501 and 56-1-701.

Disclaimer: These regulations may not be the most recent version. Tennessee may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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