If the appointed actuary relies on the certification of others on matters concerning the accuracy or completeness of any data underlying the actuarial opinion, or the appropriateness of any other information used by the appointed actuary in forming the actuarial opinion, the actuarial opinion shall indicate any person the actuary has relied upon and a precise identification of the items subject to reliance. In addition, any person on whom the appointed actuary has relied shall provide a certification that precisely identifies the items on which the person is providing information and a statement as to the accuracy, completeness, or reasonableness, as applicable, of the items. This certification shall include the signature, title, company, address, and telephone number of the person rendering the certification, as well as the date on which it is signed.

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.