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6.6.6501    PURPOSE

(1) The purpose of these rules is to prescribe:

(a) guidelines and standards for statements of actuarial opinion which are to be submitted in accordance with 33-2-407(5) and (6) and 33-7-118(2), MCA, and for memoranda in support thereof;

(b) rules applicable to the appointment of an appointed actuary; and

(c) guidance as to the meaning of "adequacy of reserves."

 

History: 33-1-313, 33-2-407, MCA; IMP, 33-2-407, 33-2-408, 33-2-409, 33-2-410, 33-2-411, 33-2-412, 33-2-413, 33-2-414, 33-2-415, 33-2-416, 33-2-417, 33-7-118, 33-7-411, MCA; NEW, 1996 MAR p. 1371, Eff. 5/24/96; AMD, 2008 MAR p. 2622, Eff. 12/25/08; AMD, 2011 MAR p. 2623, Eff. 12/9/11; AMD, 2017 MAR p. 1888, Eff. 10/14/17.

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