Tenn. Comp. R. & Regs. 0780-01-30-.02

Current through June 26, 2024

Section 0780-01-30-.02 - DEFINITION OF ACCREDITED ACTUARY

For the purposes of this regulation, an accredited actuary is one who has been so designated by the Department and whose name is listed in the register of accredited actuaries maintained by the Department. All members in good standing of the American Academy of Actuaries shall automatically be designated accredited actuaries and listed in the register of accredited actuaries. In addition, the Department may grant accreditation to others upon submission of evidence by the applicant that he:

(1) has a B.S., B.A., or B.B.A. degree from an accredited college or university;

(2) has satisfied the Department that he has a substantial knowledge or actuarial science including mathematical statistics, life contingencies, demography, construction of mortality and morbidity tables, life insurance accounting, and the valuation of liabilities of life insurance companies; and

(3) has been engaged in the practice of actuarial science of a grade and character satisfactory to the Department for at least seven (7) years.

Tenn. Comp. R. & Regs. 0780-01-30-.02

Original rule filed November 10, 1975; effective December 10, 1975. Amendment filed April 17, 1978; effective May 17, 1978.

Authority: T.C.A. §§ 56-1-501 and 56-1-701.