3 Colo. Code Regs. § 702-1-1-1-4

Current through Register Vol. 47, No. 22, November 25, 2024

Section 3 CCR 702-1-1-1-4 - Qualifications

Any person acting in the capacity of an actuary, in order to be considered qualified, must fulfill the following requirements:

A. In the case of documents relating to property and casualty types of coverage, the person must be:

1. A member of the American Academy of Actuaries who either is a member of the Casualty Actuarial Society or has been approved by the Casualty Practice Council of the Academy, or

2. A person who has demonstrated to the satisfaction of the Commissioner that the person has sufficient educational background and who has not less than seven years of recent actuarial experience relevant to the area of qualification.

B. In the case of documents relating to other types of insurance or regulated products, the person must be:

1. A member of the American Academy of Actuaries, or

2. A person who has demonstrated to the satisfaction of the Commissioner that the person has sufficient educational background and who has not less than seven years of recent actuarial experience relevant to the area of qualification.

3 CCR 702-1-1-1-4

37 CR 11, June 10, 2014, effective 6/30/2014

37 CR 11, June 10, 2014, effective 7/1/2014

38 CR 09, May 10, 2015, effective 6/1/2015

38 CR 20, October 25, 2015, effective 11/15/2015

40 CR 19, October 10, 2017, effective 11/1/2017

40 CR 21, November 10, 2017, effective 12/1/2017

40 CR 21, November 10, 2017, effective 1/1/2018

41 CR 21, November 10, 2018, effective 12/1/2018

43 CR 21, November 10, 2020, effective 12/1/2020

45 CR 21, November 10, 2022, effective 11/30/2022