3 Alaska Admin. Code § 21.830

Current through September 25, 2024
Section 3 AAC 21.830 - Statement of actuarial opinion

(a) A statement of actuarial opinion must contain the following:

(1) an opening paragraph, in substantially the following form, that identifies the appointed actuary, lists the actuary's qualifications, and indicates the relationship between the actuary and the company for whom the opinion is written:

[FOR A COMPANY ACTUARY]

________________________

[FOR A CONSULTING ACTUARY]

________________________

(2) a scope paragraph, in substantially the following form, that identifies the subjects on which an opinion is expressed and describes the scope of the appointed actuary's work, including a tabulation that delineates the reserves and related actuarial items that have been analyzed for asset adequacy, states the method of analysis, and identifies the reserves and related actuarial items covered by the opinion that have not been analyzed for asset adequacy:

"I have examined the actuarial assumptions and actuarial methods used in determining the reserves and related actuarial items listed below, as shown in the annual statement of the company, as prepared for filing with state regulatory officials, as of December 31, _________ . Tabulated below are the reserves and related actuarial items that have been subjected to asset adequacy analysis":

RESERVES AND RELATED ACTUARIAL ITEMS

Asset Adequacy Tested Amounts - Reserves and Liabilities Statement Item Formula

Reserves Additional

Actuarial

Reserves (a) Analysis

Method (b) Other

Amount Total

Amount

(1) + (2) + (3) (1) (2) (3) (4) Exhibit 8 A Life Insurance B Annuities C Supplementary

Contract

Involving Life

Contingencies D Accidental Death

Benefit E Disability - Active F Disability - Disabled G Miscellaneous Total (Exhibit 8

Item 1, Page 3) Exhibit 9 A Active Life

Reserve B Claim Reserve Total (Exhibit 9

Item 2, Page 3) Exhibit 10

Premiums and

Other Deposit

Funds (Column

5, Line 14 Guaranteed

Interest

Contracts

(Column 2, Line 14) Other

(Column 6, Line 4) Supplemental

Contracts and

Annuities Certain

(Column 3, Line 14) Dividend

Accumulations

(Column 4, Line 14) Total Exhibit 10

(Column 1, Line 14) Exhibit 11 Part 1

1 Life (Page 3,

Line 4.1) 2 Health (Page 3,

Line 4.2) Total Exhibit 11,

3 AAC 21.830

Eff. 9/1/96, Register 139; am 1/1/2005, Register 172

Authority:AS 21.06.090

AS 21.09.200

AS 21.18.110

AS 21.18.160