(a) Under authority of Arkansas Code § 23-84-112, the statement of actuarial opinion shall apply to all in-force business on the statement date, whether directly issued or assumed, regardless of when or where issued, e.g.:

1. (1) Reserves of Exhibits 5, 6, and 7;
2. (2) Claim liabilities in Exhibit 8, Part 1; and
3. (3) Equivalent items in the separate account statement or statements.

(c)

1. (1) Additional reserves established under subsection (b) and deemed not necessary in subsequent years may be released.
2. (2) Any amounts released shall be disclosed in the actuarial opinion for the applicable year.
3. (3) The release of such reserves would not be deemed an adoption of a lower standard of valuation.