In 3 AAC 21.800 - 3 AAC 21.845, unless the context requires otherwise,
- (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 performed under 3 AAC 21.800 - 3 AAC 21.845;
- (2) "Actuarial Standards Board" means the board established by the American Academy of Actuaries to develop and adopt standards of actuarial practice;
- (3) "annual statement" means the statement required to be filed by an authorized insurer under AS 21.09.200;
- (4) "appointed actuary" means a qualified actuary who is appointed or retained by a company to provide an actuarial opinion and prepare a supporting memorandum under AS 21.18.110;
- (5) "company" means an insurer, a fraternal benefit society, or a reinsurer that is required to comply with 3 AAC 21.800 - 3 AAC 21.845;
- (6) "director" means the director of insurance;
- (7) repealed 1/1/2005.
(Eff. 9/1/96, Register 139; am 1/1/2005, Register 172)
Authority: AS 21.06.090, AS 21.09.200, AS 21.18.110, AS 21.18.160