Section 3.21.845. Definitions.

In 3 AAC 21.800 - 3 AAC 21.845, unless the context requires otherwise,  
		(1) "actuarial opinion" means the opinion of an appointed actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy test performed under 3 AAC 21.800 - 3 AAC 21.845;  
		(2) "Actuarial Standards Board" means the board established by the American Academy of Actuaries to develop and adopt standards of actuarial practice;  
		(3) "annual statement" means the statement required to be filed by an authorized insurer under AS 21.09.200;  
		(4) "appointed actuary" means a qualified actuary who is appointed or retained by a company to provide an actuarial opinion and prepare a supporting memorandum under AS 21.18.110;  
		(5) "company" means an insurer, a fraternal benefit society, or a reinsurer that is required to comply with 3 AAC 21.800 - 3 AAC 21.845;  
		(6) "director" means the director of insurance;  
		(7) repealed 1/1/2005.  

Authorities

21.06.090;21.09.200;21.18.110;21.18.160

Notes

Reference

3 AAC 21.800
3 AAC 21.805
3 AAC 21.810
3 AAC 21.835
3 AAC 21.845
3 AAC 21.905

Authority

AS 21.06.090 AS 21.09.200 AS 21.18.110 AS 21.18.160 ________________________

History

Eff. 9/1/96, Register 139; am 1/1/2005, Register 172