Virginia Administrative Code
Title 14 - INSURANCE
Agency 5 - STATE CORPORATION COMMISSION, BUREAU OF INSURANCE
Chapter 310 - RULES GOVERNING ACTUARIAL OPINIONS AND MEMORANDA
Section 14VAC5-310-10 - Purpose
Universal Citation: 4 VA Admin Code 5-310-10
Current through Register Vol. 41, No. 3, September 23, 2024
The purpose of this chapter (14VAC5-310) is to prescribe:
1. Requirements for statements of actuarial opinion that are to be submitted in accordance with § 38.2-1367 of the Code of Virginia, and for memoranda in support thereof;
2. Rules applicable to the appointment of an appointed actuary; and
3. Guidance as to the meaning of "adequacy of reserves."
Statutory Authority: §§ 12.1-13 and 38.2-223 of the Code of Virginia.
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