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Draft as of May 9, 2019REGULATORY GUIDANCE on Property and Casualty Statutory Statements of Actuarial Opinion, Actuarial Opinion Summaries, and Actuarial Reports for the Year 2019Deleted: 2018Prepared
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Who needs statements of actuarial opinion?
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What is statements of actuarial opinion?
Statements of actuarial opinion are professional opinions provided by actuaries regarding the financial soundness and assumptions used in insurance or pension plans.
Who is required to file statements of actuarial opinion?
Insurance companies or pension plan administrators are required to file statements of actuarial opinion.
How to fill out statements of actuarial opinion?
To fill out statements of actuarial opinion, actuaries must analyze the financial data of the insurance or pension plan and provide their professional opinion on its financial standing.
What is the purpose of statements of actuarial opinion?
The purpose of statements of actuarial opinion is to provide assurance to regulators, policyholders, and other stakeholders that the insurance or pension plan is financially sound and sustainable.
What information must be reported on statements of actuarial opinion?
Statements of actuarial opinion must report on the financial assumptions, methods used, data analyzed, and the overall financial soundness of the insurance or pension plan.
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