NAC681B.245. Asset adequacy analysis: Retention of certain documentation required.

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An appointed actuary shall, after performing an asset adequacy analysis, retain on file, for not less than 7 years, documentation sufficient to enable another person to determine the procedures followed, the analyses performed, the bases for assumptions and the results obtained when the asset adequacy analysis was performed.

(Added to NAC by Comm’r of Insurance, eff. 5-23-96)

                    
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