SECTION 4.2801. Purpose

Latest version.

The purpose of this subchapter is to prescribe guidelines and standards for the following activities:
(1) the submission of a statement of actuarial opinion in accordance with Insurance Code §425.054, concerning Annual Valuation of Reserves for Policies and Contracts Issued on or After Operative Date of Valuation Manual, and for memoranda in support of such opinion;
(2) the appointment of an appointed actuary; and
(3) guidance as to the meaning of "adequacy of reserves."

Source Note: The provisions of this §4.2801 adopted to be effective June 20, 2005, 30 TexReg 3589; amended to be effective May 11, 2022, 47 TexReg 2758; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250

                    
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