§ 23-63-1901. Title
This subchapter shall be known and may be cited as the “Property and Casualty Actuarial Opinion Law”.
§ 23-63-1902. Definitions
As used in this subchapter: (1) “Actuarial opinion summary” means a summary of the information supporting a statement of actuarial opinion; (2) “Appointed actuary” means the actuary appointed by a property and casualty insurance company to prepare a statement of actuarial opinion and an actuarial opinion summary; and (3) “Statement of actuarial opinion” means the […]
§ 23-63-1903. Annual statement of actuarial opinion, actuarial opinion summary, and supporting documentation required
(a) (1) Unless exempted by the Insurance Commissioner, a property and casualty insurance company doing business in this state shall annually file with the commissioner a statement of actuarial opinion and an actuarial opinion summary. (2) A property and casualty insurance company licensed but not domiciled in this state shall provide the actuarial opinion summary […]
§ 23-63-1904. Liability of appointed actuary
An appointed actuary is not liable for damages to any person other than the property and casualty insurance company or the Insurance Commissioner, or both the property and casualty insurance company and the commissioner, for any act, error, omission, decision, or conduct with respect to the actuary’s statement of actuarial opinion, except in cases of […]
§ 23-63-1905. Confidentiality
(a) The statement of actuarial opinion shall be filed with the annual statement required by § 23-63-216 and treated as a public record under the Freedom of Information Act of 1967, § 25-19-101 et seq. (b) (1) Documents, materials, or other information in the possession or control of the State Insurance Department that are considered […]