20:06:37 :33. Notation of actuary's reliance upon experts. If the appointed actuary has relied on other experts to develop certain portions of the analysis, the reliance paragraph must include a statement such as the following:

I have relied on [name], [title] for [e.g., anticipated cash flows from currently owned assets, including variations in cash flows according to economic scenarios or certain critical aspects of the analysis performed in conjunction with forming my opinion], as certified in the attached statement. I have reviewed the information relied upon for reasonableness.

The statement of reliance on other experts must be accompanied by a statement by each of the experts in the form prescribed by § 20:06:37:39.

Source: 23 SDR 236, effective July 16, 1997; 34 SDR 297, effective June 2, 2008.

General Authority: SDCL 58-26-46 , 58-26-47 , 58-26-50.

Law Implemented: SDCL 58-26-46 , 58-26-47 , 58-26-50.