LIFE INSURANCE: ANNUAL OPINIONS AND SUPPORTING MEMORANDA OF QUALIFIED ACTUARIES  


NAC 681B.100. Definitions.
NAC 681B.105. “Actuarial Standards Board” defined.
NAC 681B.110. “Annual statement” defined.
NAC 681B.115. “Appointed actuary” defined.
NAC 681B.120. “Asset adequacy analysis” defined.
NAC 681B.125. “Commissioner” defined.
NAC 681B.130. “Division” defined.
NAC 681B.135. “Fraternal benefit society” defined.
NAC 681B.140. “Insurer” defined.
NAC 681B.150. “Opinion of a qualified actuary” defined.
NAC 681B.155. “Qualified actuary” defined.
NAC 681B.160. Applicability.
NAC 681B.161. Adoption by reference of model regulation for valuation of life insurance policies.
NAC 681B.162. Adoption by reference of annuity tables to determine minimum standard of valuation for individual annuity or pure endowment contract.
NAC 681B.164. Adoption by reference of annuity table to determine minimum standard of valuation for group annuity or pure endowment contract.
NAC 681B.165. Opinions and supporting memoranda: Annual submission required; form of submission; extension of time for submission.
NAC 681B.170. Notice to Commissioner regarding appointed actuary.
NAC 681B.175. Requirements for asset adequacy analysis.
NAC 681B.180. Application of opinion to business in force on date of annual statement; determination of need for additional reserves; release of additional reserves.
NAC 681B.205. Opinion as to computation of reserves and related items: Contents.
NAC 681B.210. Opinion based on asset adequacy analysis: Contents.
NAC 681B.215. Supporting memorandum: Examination by Commissioner; requirements for preparation; review by qualified actuary; regulatory asset adequacy issues summary.
NAC 681B.220. Supporting memorandum: Contents.
NAC 681B.221. Regulatory asset adequacy issues summary: Contents.
NAC 681B.222. Adoption of new actuarial assumptions for new issues or claims not considered change of actuarial assumptions.
NAC 681B.223. Refusal to provide actuarial opinion; issuance of adverse or qualified actuarial opinion.
NAC 681B.224. Opinion of qualified actuary submitted by a foreign insurer: Requirements.
NAC 681B.225. Asset adequacy analysis: Aggregation of reserves and assets.
NAC 681B.230. Asset adequacy analysis: Allocation of assets.
NAC 681B.235. Asset adequacy analysis: Use of appropriate allocation of assets in amount of Interest Maintenance Reserve; disclosure of amount of assets used for Asset Valuation required.
NAC 681B.240. Asset adequacy analysis: Consideration of certain interest rate scenarios.
NAC 681B.245. Asset adequacy analysis: Retention of certain documentation required.