Appointed actuary definition

Appointed actuary means any individual who is appointed or retained in accordance with the requirements set forth in 5.34(5)“c” to provide the actuarial opinion and supporting memorandum as required by Iowa Code section 508.36.
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Appointed actuary means a qualified actuary who is appointed in accordance with the valuation manual to prepare the actuarial opinion required in subsection 3, paragraph “b”.
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Appointed actuary means a qualified actuary who is
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Examples of Appointed actuary in a sentence

  • Appointed actuary" means the actuary appointed by an insurer pursuant to section 952‑A, subsection 1.[PL 2013, c.

  • Roles and responsibilitiesThe Actuarial function is formed by the local actuarial department, the Appointed actuary (externally outsourced) and the Group International Division Actuarial team.

  • Appointed actuary in India • The term ‘ appointed actuary’ is a designation.

  • Appointed actuary ("AA") commented that a reserve for unpaid loss adjustment expenses should be held if the company will incur expenses to adjudicate and pay future losses.

  • Reserve Development If the Company’s reserves will cause the ratio of One-Year or Two-Year Known Claims Reserve Development (shown in Schedule P, Part 3) or One-Year or Two-Year Reserve Development (shown in Schedule P, Part 2) to the respective prior year’s Policyholders’ Surplus to be greater than 20%, the Appointed actuary must include RELEVANT COMMENT on the factors that led to the exceptional reserve development.


More Definitions of Appointed actuary

Appointed actuary means a qualified actuary who is appointed in
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Appointed actuary means the qualified actuary appointed or retained either directly by or by the authority of the board of directors through an executive officer of the company to prepare the annual statement of actuarial opinion for the company as a whole pursuant to Iowa Code section 508.36.
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Appointed actuary means a qualified actuary who is appointed in accordance with
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Appointed actuary means a qualified actuary who is appointed in accordance with the valuation manual to prepare the actuarial opinion required in subdivision 2d.
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Appointed actuary means a qualified actuary who is appointed or retained to prepare the statement of actuarial opinion required by this regulation; either directly by, or by the authority of, the board of directors through an executive officer of the company.
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Appointed actuary means any individual who is appointed or retained in accordance with the requirements set forth in WAC 284-07-350(3) to provide the actuarial opinion and supporting memorandum as required by RCW 48.74.- 025.
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Appointed actuary means the Company representative who has legal responsibilities concerning the sound and prudent financial management of the Company. The Appointed Actuary also has a professional duty to consider the interests of all Contract Holders.
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