§ 681B.200 ‘Qualified actuary’ defined
§ 681B.210 Insurer required to submit annual opinion as to computation of reserves and related actuarial items; regulations; applicability
§ 681B.220 Insurer required to submit annual opinion as to sufficiency of reserves and related actuarial items; exception; regulations; applicability
§ 681B.230 Opinion required to be supported by memorandum; Commissioner authorized to cause independent actuary to review opinion under certain circumstances; regulations; applicability
§ 681B.240 Requirements for opinion; applicability
§ 681B.250 Liability of qualified actuary; disciplinary action; regulations; applicability
§ 681B.260 Confidentiality of documents, material and other information provided by insurer to Commissioner; applicability
§ 681B.300 Valuation Manual: Applicability; operative date; notice by Commissioner of operative date; effective date of changes; required content; authority of Commissioner to adopt provisions by regulation to replace missing or noncompliant content;
§ 681B.310 Commissioner authorized to exempt certain policies and contracts from provisions of Valuation Manual; alternate applicable provisions; applicability
§ 681B.320 Accident and health insurance policies: Minimum standard of valuation; applicability
§ 681B.330 Valuation and calculation of reserves; acceptance of valuation by another state or jurisdiction; applicability

Terms Used In Nevada Revised Statutes > Chapter 681B > Provisions Governing Policies and Contracts Not Subject to Provisions of the Valuation Manual > Opinion of Qualified Actuary

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bequest: Property gifted by will.
  • Contract: A legal written agreement that becomes binding when signed.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Devise: To gift property by will.
  • Fraud: Intentional deception resulting in injury to another.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Oversight: Committee review of the activities of a Federal agency or program.
  • person: means a natural person, any form of business or social organization and any other nongovernmental legal entity including, but not limited to, a corporation, partnership, association, trust or unincorporated organization. See Nevada Revised Statutes 0.039
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
  • Subpoena: A command to a witness to appear and give testimony.
  • Testify: Answer questions in court.