- (a) An “appointed actuary” is a qualified actuary who is appointed or retained to prepare the statement of actuarial opinion required by this part, either directly by or by the authority of the board of directors through an executive officer of the company other than the qualified actuary.
(b) The company shall:
- (1) Give the Insurance Commissioner timely written notice of the name, title (and, in the case of a consulting actuary, the name of the firm), and manner of appointment or retention of each person appointed or retained by the company as an appointed actuary; and
- (2) State in the notice that the person meets the requirements set forth in 23 CAR § 24-202.
(c)
- (1) Once notice is furnished, no further notice is required with respect to this person, provided that the company shall give the Insurance Commissioner timely written notice in the event the actuary ceases to be appointed or retained as an appointed actuary or to meet the requirements set forth in 23 CAR § 24-202.
- (2) If any person appointed or retained as an appointed actuary replaces a previously appointed actuary, the notice shall so state and give the reasons for replacement.