1. (a) The provisions of this section shall apply only to domestic:

   1. (1) Insurers, including:

      1. (A) Title insurers;
      2. (B) Legal insurers; and
      3. (C) Insurers transacting insurance on a stipulated premium plan basis;
   2. (2) Fraternal benefit societies;
   3. (3) Health maintenance organizations; and
   4. (4) Hospital and medical service corporations.

2. (b)

   1. (1) Arkansas Code §§ 23-63-216, 23-74-602, 23-76-113, and 23-91-215 provide that annual financial statements shall be on a form prescribed by the Insurance Commissioner.
   2. (2) The form which is prescribed by the commissioner is the convention blank which has been developed by the National Association of Insurance Commissioners.

3. (c)

   1. (1) When the instructions for completion of the convention blank require that a statement of a qualified actuary setting forth his or her opinion as to actuarial items be included, the statement should be completed in accordance with those instructions and the provisions of this rule.

   2. (2)

      1. (A) It is the responsibility of the company to provide this actuarial opinion.
      2. (B) It may be obtained by the company from:

4. (i) An actuary employed by the company, on either a staff or consulting basis;

   1. (ii) The State Insurance Department's actuary; or

      1. (iii) Any consulting actuary retained by the department.
   2. (3) The necessary information and data to render an opinion must be provided by the company, and the individual of the company responsible for this compilation must submit a statement to the department that the listings and summaries of policies in force and other information necessary to comply with this rule are complete and accurate to the best of his or her knowledge and belief.

Codification Notes: The convention blank referred to in this section is the annual statement convention blank produced by the National Association of Insurance Commissioners.