Section Ins 2401.03 - Definitions(a) "Actuarial opinion" means the opinion of an appointed actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with Ins 2401.05 and with applicable actuarial standards of practice.(b) "Actuarial standards board" means the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.(c) "Annual statement" means that statement required by RSA 400-A:36 to be filed by the company with the office of the commissioner annually.(d) "Appointed actuary" means an individual who is appointed or retained in accordance with the requirements set forth in Ins 2401.04(c) to provide the actuarial opinion and supporting memorandum as required by RSA 410.(e) "Asset adequacy analysis" means an analysis that meets the standards and other requirements referred to in Ins 2401.04(d).(f) "Commissioner" means the insurance commissioner of this state.(g) "Company" means a life insurance company, fraternal benefit society, or reinsurer subject to the provisions of this part.(h) "NAIC" means the National Association of Insurance Commissioners.(i) "Qualified actuary" means an individual who meets the requirements set forth in Ins 2401.04(b).N.H. Admin. Code § Ins 2401.03
#6635, eff 11-24-97; ss by #8484, eff 11-24-05; ss by #9892, eff 4-1-11
Amended by Volume XXXIX Number 02, Filed January 10, 2019, Proposed by #12705, Effective 4/1/2019, Expires 4/1/2029.