# Title 45 — Insurance, Commissioner of

## Article 45-03 — Regulation of Insurance Companies

## Chapter 45-03-19.1 — Property and Casualty Actuarial Opinion

### § 45-03-19.1-01. Statement of actuarial opinion and supporting documentation.

1. Statement of actuarial opinion. Every property and casualty insurance company doing
business in this state, unless otherwise exempted by the domiciliary commissioner, shall
annually submit to the North Dakota insurance commissioner the opinion of an appointed
actuary entitled "statement of actuarial opinion". This opinion shall be filed in accordance with
the appropriate national association of insurance commissioners property and casualty annual
statement instructions.
2. Actuarial opinion summary.
a. Every property and casualty insurance company domiciled in this state that is required to
submit a statement of actuarial opinion shall annually submit to the North Dakota
insurance commissioner an actuarial opinion summary, written by the company’s
appointed actuary. This actuarial opinion summary shall be filed in accordance with the
appropriate national association of insurance commissioners property and casualty
annual statement instructions and shall be considered as a document supporting the
actuarial opinion required in subsection 1.
b. A company licensed but not domiciled in this state shall provide the actuarial opinion
summary upon request.
3. Actuarial report and workpapers.
a. An actuarial report and underlying workpapers as required by the appropriate national
association of insurance commissioners property and casualty annual statement
instructions shall be prepared to support each actuarial opinion.
b. The insurance company must provide a supporting actuarial report or workpapers at the
request of the commissioner.
History: Effective April 1, 2010.
General Authority: NDCC 26.1-03-11.1
Law Implemented: NDCC 26.1-03-11.1
