§ 162.7. Responsibility of valuation actuary.

 The ceding insurer’s actuary who signs the financial statement actuarial opinion with respect to valuation of reserves shall consider this chapter and applicable actuarial standards of practice when determining the proper credit in financial statements filed with the Department. The actuary should maintain adequate documentation and be prepared upon request to describe the actuarial work performed for inclusion in the financial statements and to demonstrate that the work conforms to this chapter.

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