Ala. Admin. Code r. 482-1-149-.06

Current through Register Vol. 43, No. 1, October 31, 2024

Section 482-1-149-.06 - Actuarial Opinion Summary

(a) Every property and casualty insurance company domiciled in this state that is required to annually submit a Statement of Actuarial Opinion shall annually submit an Actuarial Opinion Summary, written by the company's Appointed Actuary. This Actuarial Opinion Summary shall be filed in accordance with the appropriate NAIC Property and Casualty Annual Statement Instructions and shall be considered a document supporting the actuarial opinion required by this rule.

(b) A company licensed but not domiciled in this state shall provide the actuarial opinion summary upon request.

New Rule: December 15, 2009; effective January 1, 2010. Filed with LRS December 17, 2009. Rule is not subject to the Alabama Administrative Procedure Act.

Author: Commissioner of Insurance

Statutory Authority:Code of Ala. 1975, §§ 27-2-17, 27-3-26.1.