The purpose of this rule is to establish standards for the use of the terms "actuary" or "actuarial" by licensed insurers and to interpret certain provisions of Arkansas insurance laws and 23 CAR pt. 88 as they relate to the responsibilities of actuaries, with special consideration to the certification duties of actuaries as to the annual statements of:

1. (1) Domestic insurers;
2. (2) Hospital or medical service corporations;
3. (3) Fraternal benefit societies; and
4. (4) Health maintenance organizations.