28 Tex. Admin. Code § 11.702

Current through Reg. 50, No. 1; January 3, 2025

Section 11.702 - Actuarial Certification

Each formula or method for calculating the schedule of charges must be accompanied by the certification of a qualified actuary that, based on reasonable assumptions, the formula is appropriate to produce rates that are not excessive, inadequate, or unfairly discriminatory. An actuary is considered qualified if he or she is a member in good standing of both the American Academy of Actuaries and the Society of Actuaries.

The provisions of this §11.702 adopted to be effective January 1, 1980, 4 TexReg 4626; amended to be effective December 6, 1984, 9 TexReg 6012; amended to be effective August 17, 1992, 17 TexReg 5359; Adopted by Texas Register, Volume 42, Number 16, April 21, 2017, TexReg 2242, eff. 8/1/2017