- (a) The appointed actuary shall analyze only those assets held in support of the reserves which are the subject for specific analysis, thereafter called “specified reserves”.
(b)
- (1) A particular asset or portion thereof supporting a group of specified reserves cannot support any other group of specified reserves.
- (2) An asset may be allocated over several groups of specified reserves.
- (c) The annual statement value of the assets held in support of the reserves shall not exceed the annual statement value of the specified reserves, except as provided in 23 CAR § 23-703.
- (d) If the method of asset allocation is not consistent from year to year, the extent of its inconsistency should be described in the supporting memorandum.