NAC681B.170. Notice to Commissioner regarding appointed actuary.

     1. Each insurer required to submit an opinion of a qualified actuary pursuant to NRS 681B.210 or 681B.220 shall notify the Commissioner, in writing, of:

     (a) The name, title and manner of appointment or retention of each person appointed or retained by the insurer as an appointed actuary; and

     (b) If the appointed actuary is a consulting actuary, the name of the firm that he or she represents.

     2. The insurer shall state in the notice required pursuant to subsection 1 that the person appointed as actuary is a qualified actuary.

     3. Once notice is furnished pursuant to this section, no further notice is required with respect to the actuary, unless the actuary ceases to be appointed or retained as an appointed actuary or ceases to meet the requirements of a qualified actuary. The insurer shall timely notify the Commissioner, in writing, if the appointed actuary for the insurer ceases to be appointed or retained as an appointed actuary or ceases to meet the requirements of a qualified actuary. If any person appointed or retained as an appointed actuary replaces a previously appointed actuary, the notice must state that the appointed actuary is replacing the previously appointed actuary and give the reasons for the replacement.

     (Added to NAC by Comm’r of Insurance, eff. 5-23-96; A by R146-12, 10-4-2013)