14 Va. Admin. Code § 5-310-10

Current through Register Vol. 41, No. 10, December 30, 2024

Section 14VAC5-310-10 - Purpose

The purpose of this chapter (14VAC5-310) is to prescribe:

1. Requirements for statements of actuarial opinion that are to be submitted in accordance with § 38.2-1367 of the Code of Virginia, and for memoranda in support thereof;

2. Rules applicable to the appointment of an appointed actuary; and

3. Guidance as to the meaning of "adequacy of reserves."

14 Va. Admin. Code § 5-310-10

Derived from Regulation 45, Case No. INS920377, §1, eff. December 15, 1992; amended, Virginia Register Volume 20, Issue 5, eff. December 31, 2003; Amended, Virginia Register Volume 31, Issue 09, eff. 1/1/2015.

Statutory Authority: §§ 12.1-13 and 38.2-223 of the Code of Virginia.