Rule 120-2-74-.01. Purpose

The purpose of this regulation is to prescribe:

1. (1) requirements for statements of actuarial opinion that are to be submitted in accordance with O.C.G.A. § 33-10-13(b.1), and for memoranda in support thereof;
2. (2) rules applicable to the appointment of an appointed actuary; and
3. (3) guidance as to the meaning of "adequacy of reserves."

Authority: O.C.G.A. Secs. 33-2-9, 33-2-10, 33-10-13.

History. Original Rule entitled "Purpose" adopted. F. Jul. 9, 1997; eff. July 29, 1997.

Repealed: New Rule of the same title adopted. F. Dec. 17, 2010; eff. Jan. 6, 2011.