Indiana Code 27-15-3-4. Actuarial opinion requirements
Current as of: 2024 | Check for updates
|
Other versions
Sec. 4. The actuarial opinion required by this chapter shall be:
(2) given in accordance with professional standards and practices generally accepted by the actuarial profession and those other factors as the actuary believes are reasonable and appropriate in the exercise of professional judgment at the time the opinion is given;
(1) provided and signed by a qualified and independent actuary who is a member of the American Academy of Actuaries;
Terms Used In Indiana Code 27-15-3-4
- Judgment: means all final orders, decrees, and determinations in an action and all orders upon which executions may issue. See Indiana Code 1-1-4-5
(3) supported by a memorandum of the actuary, describing the calculations made in support of the opinion and the assumptions used in the calculations; and
(4) submitted to the commissioner.
As added by P.L.94-1999, SEC.3.