Connecticut Standard Valuation Law Actuarial Opinion and Memorandum

The purpose of sections 38a-78-1 to 38a-78-9, inclusive, of the Regulations of Connecticut State Agencies is to prescribe:

1. (a) requirements for statements of actuarial opinion that are to be submitted in accordance with subsection (b) of section 38a-78 of the Standard Valuation Law, and for memoranda in support thereof;
2. (b) rules applicable to the appointment of an appointed actuary; and
3. (c) guidance as to the meaning of "adequacy of reserves".

(Effective September 28, 1993; Amended December 23, 2008)