Section 16-169-1 - Purpose The purpose of this subchapter is to prescribe:
(1) Guidelines and standards for statements of actuarial opinion which are to be submitted in accordance with section 431:5-307(j), HRS, and for memoranda in support thereof;(2) The meaning of "adequacy of reserves"; and(3) Rules applicable to the appointment of an appointed actuary. [Eff 10/4/97; am and comp 9/28/09; comp 8/02/12] (Auth: HRS §§ 431:2-201, 431:5-307, 431:5-401, 432:1-407, 432:2-601, 432:2-602) (Imp: HRS §§ 431:2-201, 431:5-307, 431:5-401, 432:1303, 432:1-407, 432:2-401, 432:2-601, 432:2-602)