Section 230-RICR-20-45-9.4 - DefinitionsA. As used in this Part: 1. "Actuarial opinion" means the opinion of an Appointed Actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy test in accordance with § 9.6 of this Part and with applicable Actuarial Standards of Practice.2. "Actuarial Standards Board" means the board established by the American Academy of Actuaries to develop and promulgate standards of actuarial practice.3. "Annual statement" shall mean that statement required by R.I. Gen. Laws §§ 27-12-1 and 27-12.1-2 to be filed by the company with the office of the Commissioner annually.4. "Appointed Actuary" shall mean an individual who is appointed or retained in accordance with the requirements set forth in § 9.5(C) of this Part to provide the actuarial opinion and supporting memorandum as required by R.I. Gen. Laws § 27-4.5-3.5. "Asset adequacy analysis" shall mean an analysis that meets the standards and other requirements referred to in § 9.5(D) of this Part.6. "Commissioner," shall mean the Director of the Department of Business Regulation of this State.7. "Company" shall mean a life insurance company, fraternal benefit society or reinsurer subject to the provisions of this Regulation.8. "Qualified actuary" shall mean an individual who meets the requirements set forth in § 9.5(B) of this Part.230 R.I. Code R. 230-RICR-20-45-9.4