The purpose of this Chapter is to prescribe:

1. (1) Requirements for statements of actuarial opinion that are to be submitted in accordance with T.C.A. § 56-1-402, 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: T.C.A. §§ 56-2-301, 56-1-402, 56-1-402(d)-(g), 56-1-501(d), 56-25-1601 and 56-25-1602. Administrative History: Original rule filed October 5, 1995; effective December 19, 1995. Amendment filed May 11, 2009; effective July 25, 2009.