28 Tex. Admin. Code § 13.533

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

Section 13.533 - Actuarial Opinion Requirements

The independent actuarial opinion submitted with the application must:

(1) describe the extent to which projected plan contributions:

(A) are not excessive;

(B) are not unfairly discriminatory;

(C) are adequate to pay all of the plan's:

(i) benefit payments;

(ii) administrative expenses;

(iii) other operational expenses; and

(D) are sufficient to maintain the required reserves and surplus to be held in trust for the plan's participants; and

(2) include a statement allocating the projected plan contributions to be charged to clients for plan coverage for:

(A) the plan's administrative expenses;

(B) plan reserves; and

(C) all other expenses associated with operation of the applicant's plan.

28 Tex. Admin. Code § 13.533

Adopted by Texas Register, Volume 41, Number 20, May 13, 2016, TexReg 3489, eff. 5/17/2016