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BERMUDA MONETARY AUTHORITY GUIDANCE NOTE GROUP ACTUARY OPINION JANUARY 2014TABLE OF CONTENTS INTRODUCTION.................................................................................................................................
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Group actuary's opinions are typically required by insurance companies, pension funds, or any other entities that rely on actuarial calculations and analysis.
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The group actuary's opinion is a report prepared by an actuary that provides an assessment of the financial status and risks of a group insurance plan.
Group insurance companies are required to file group actuary's opinion.
The group actuary's opinion should be filled out by a qualified actuary who has analyzed the financial information of the group insurance plan.
The purpose of the group actuary's opinion is to provide an independent evaluation of the financial health and risks of the group insurance plan.
The group actuary's opinion must include an assessment of the plan's liabilities, funding levels, and assumptions used in the analysis.
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