Section 681B.205 - Opinion as to computation of reserves and related items: Contents1. An opinion of a qualified actuary submitted pursuant to NRS 681B.210 must contain: (a) A paragraph which identifies the appointed actuary and lists his or her qualifications;(b) A paragraph which states that the opinion is rendered in accordance with NRS 681B.210 and this section and is not based on an asset adequacy analysis;(c) A paragraph which identifies the subjects on which the opinion is to be expressed and describes the scope of the appointed actuary's work; and(d) A paragraph expressing the appointed actuary's opinion.2. The paragraph required pursuant to paragraph (c) of subsection 1 must contain a list of the items and amounts with respect to which the actuary is expressing an opinion. The list must include, without limitation: (a) Aggregate reserves and deposit funds for policies and contracts included in Exhibit 5 of the insurer's annual statement;(b) Aggregate reserves and deposit funds for policies and contracts included in Exhibit 6 of the insurer's annual statement;(c) Deposit funds, premiums, dividend and coupon accumulations and supplementary contracts not involving life contingencies included in Exhibit 7 of the insurer's annual statement; and(d) Liability for the end of the year based on policy and contract claims, included in part I of Exhibit 8 of the insurer's annual statement.3. Upon request, the Commissioner will provide guidelines for language that will satisfy the provisions of this section.Nev. Admin. Code § 681B.205
Added to NAC by Comm'r of Insurance, eff. 5-23-96; A by R146-12, 10-4-2013