For the purpose of this rule, a qualified actuary includes:

1. (1) A member of the American Academy of Actuaries;
2. (2) With respect to matters involving property and casualty insurers, a member of the Casualty Actuarial Society;
3. (3) With respect to matters involving pension plans, an "enrolled actuary"; or
4. (4) An individual who has demonstrated to the satisfaction of the Insurance Commissioner that he or she has the educational background necessary for the practice of actuarial science and that he or she has had not less than seven (7) years actuarial experience.

Codification Notes: The term "enrolled actuary" as referred to in this section is defined in 20 C.F.R. § 901.1(g).