11 N.C. Admin. Code 16.0705

Current through Register Vol. 39, No. 12, December 1, 2024

Section 16 .0705 - CLAIM RESERVE METHODOLOGY AND ACTUARIAL CERTIFICATION

(a) A written description of the claim reserve methodology and a numerical verification of the claim reserves submitted in 11 NCAC 16 .0704(d) shall be included with each annual filing.

(b) Each annual filing shall contain an actuarial certification signed by an actuary stating that the actuary has examined the claim reserves listed in Schedule - H, Section II, and affirms that these claim reserves are calculated in accordance with generally accepted actuarial principles and practices and in the actuary's opinion are adequate.

11 N.C. Admin. Code 16 .0705

Authority G.S. 58-2-40; 58-67-135(b);
Eff. February 1, 1995;
Readopted Eff. October 1, 2018.

Authority G.S. 58-2-40; 58-67-135(b);
Eff. February 1, 1995.

Readopted by North Carolina Register Volume 33, Issue 09, November 1, 2018 effective 10/1/2018.