11 NCAC 16 .0705             CLAIM RESERVE METHODOLOGY AND ACTUARIAL CERTIFICATION

(a)  A written description of the claim reserve methodology and a numerical verification of the claim reserves submitted in 11 NCAC 16 .0704(d) shall be included with each annual filing.

(b)  Each annual filing shall contain an actuarial certification signed by an actuary stating that the actuary has examined the claim reserves listed in Schedule ‑ H, Section II, and affirms that these claim reserves are calculated in accordance with generally accepted actuarial principles and practices and in the actuary's opinion are adequate.

 

History Note:        Authority G.S. 58‑2‑40; 58‑67‑135(b);

Eff. February 1, 1995.