Idaho Admin. Code r. 18.07.09.010 - DEFINITIONS
01.
Actuarial Opinion. An Appointed Actuary's opinion on reserve adequacy and related actuarial items based on an asset adequacy test per Section 022 and presently accepted actuarial standards.
02.
Actuarial Standards Board. The board established by the American Academy of Actuaries to develop standards of actuarial practice.
03.
Asset Adequacy Analysis. An analysis that meets the standards and requirements in Subsection 021.04.
04.
Company. A life insurance company, fraternal benefit society or reinsurer subject to this rule.
Notes
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