Section 500.992. Purpose.

Latest version.

All data is extracted from pdf, click here to view the pdf.

Rule 2.   The purpose of these rules is to prescribe the following:

(a)    Requirements for statements of actuarial opinion that are to be submitted in accordance with MCL 500.830a of the Standard Valuation Law, and for memoranda in support thereof.

(b)   Rules applicable to the appointment of an appointed actuary.

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

History: 2006 AACS.

                    
                        var val = document.getElementById('citecontent').innerHTML;
                        art.dialog.defaults.title = window.location.href;
                        art.dialog.data('cite', val);
                        art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
                        art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');