Section 403.258 - Statement of actuarial opinion(a) For purposes of certification requests submitted under § 403.232(b) and subsequent review as specified in § 403.239(a) , statement of actuarial opinion means a signed declaration in which a qualified actuary states that the assumptions used in calculating the expected loss ratio are appropriate and reasonable, taking into account actual policy experience, if any, and reasonable expectations.(b)Qualified actuary means- (1) A member in good standing of the American Academy of Actuaries; or(2) A person who has otherwise demonstrated his or her actuarial competence to the satisfaction of the Commissioner or Superintendent of Insurance of the domiciliary State of the insuring organization.