N.D. Admin. Code 45-03-19-02
1. "Actuarial standards board" means the board established by the American academy of actuaries to develop and promulgate standards of actuarial practice.
2. "Annual statement" means the statement required by North Dakota Century Code section 26.1-03-07 to be filed annually by the company with the office of the commissioner.
3. "Appointed actuary" means an individual who is appointed or retained in accordance with subsection 3 of section 45-03-19-03 to provide the actuarial opinion and supporting memorandum as required by North Dakota Century Code section 26.1-35-01.1.
4. "Asset adequacy analysis" means an analysis that meets the standards and other requirements referred to in subsection 4 of section 45-03-19-03.
5. "Company" means a life insurance company, fraternal benefit society, or reinsurer subject to the provisions of this chapter.
6. "Qualified actuary" means an individual who meets the requirements in subsection 2 of section 45-03-19-03.
N.D. Admin Code 45-03-19-02
General Authority: NDCC 26.1-35-01.1
Law Implemented: NDCC 26.1-35-01.1