New Hampshire Actuarial Opinion Summary Sheet

State:
New Hampshire
Control #:
NH-SKU-1211
Format:
PDF
Instant download
This website is not affiliated with any governmental entity
Public form

Description

Actuarial Opinion Summary Sheet
The New Hampshire Actuarial Opinion Summary Sheet is a document issued by the New Hampshire Insurance Department (HID). It provides an actuarial opinion on certain proposed insurance transactions, including rates, dividends, and reserves. This document contains an evaluation of the assumptions used for the proposed transaction and the actuarial opinion on the transaction. The New Hampshire Actuarial Opinion Summary Sheet is a necessary part of the process for obtaining approval from the HID for an insurance transaction. The New Hampshire Actuarial Opinion Summary Sheet comes in two versions: the Standard Summary Sheet and the Enhanced Summary Sheet. The Standard Summary Sheet is a simpler version of the document that provides an overview of the transaction. The Enhanced Summary Sheet is more detailed and provides an in-depth analysis of the assumptions and calculations used for the proposed transaction. Both versions are required for an insurance transaction to be approved by the HID.

The New Hampshire Actuarial Opinion Summary Sheet is a document issued by the New Hampshire Insurance Department (HID). It provides an actuarial opinion on certain proposed insurance transactions, including rates, dividends, and reserves. This document contains an evaluation of the assumptions used for the proposed transaction and the actuarial opinion on the transaction. The New Hampshire Actuarial Opinion Summary Sheet is a necessary part of the process for obtaining approval from the HID for an insurance transaction. The New Hampshire Actuarial Opinion Summary Sheet comes in two versions: the Standard Summary Sheet and the Enhanced Summary Sheet. The Standard Summary Sheet is a simpler version of the document that provides an overview of the transaction. The Enhanced Summary Sheet is more detailed and provides an in-depth analysis of the assumptions and calculations used for the proposed transaction. Both versions are required for an insurance transaction to be approved by the HID.

How to fill out New Hampshire Actuarial Opinion Summary Sheet?

Preparing legal paperwork can be a real burden unless you have ready-to-use fillable templates. With the US Legal Forms online library of formal documentation, you can be certain in the blanks you obtain, as all of them comply with federal and state regulations and are examined by our specialists. So if you need to complete New Hampshire Actuarial Opinion Summary Sheet, our service is the perfect place to download it.

Obtaining your New Hampshire Actuarial Opinion Summary Sheet from our catalog is as simple as ABC. Previously authorized users with a valid subscription need only log in and click the Download button after they find the proper template. Later, if they need to, users can pick the same blank from the My Forms tab of their profile. However, even if you are unfamiliar with our service, registering with a valid subscription will take only a few minutes. Here’s a brief guideline for you:

  1. Document compliance verification. You should carefully examine the content of the form you want and check whether it satisfies your needs and complies with your state law regulations. Previewing your document and reviewing its general description will help you do just that.
  2. Alternative search (optional). If you find any inconsistencies, browse the library through the Search tab on the top of the page until you find a suitable template, and click Buy Now when you see the one you want.
  3. Account creation and form purchase. Sign up for an account with US Legal Forms. After account verification, log in and choose your preferred subscription plan. Make a payment to continue (PayPal and credit card options are available).
  4. Template download and further usage. Choose the file format for your New Hampshire Actuarial Opinion Summary Sheet and click Download to save it on your device. Print it to fill out your paperwork manually, or use a multi-featured online editor to prepare an electronic copy faster and more efficiently.

Haven’t you tried US Legal Forms yet? Sign up for our service today to get any formal document quickly and easily every time you need to, and keep your paperwork in order!

Form popularity

FAQ

An actuarial report can be used to determine an insured's projected losses, a self-insured's liability accruals, the adequacy of a property-casualty (P&C) insurer's statutory loss reserves, or a life insurer's unearned premium (technical) reserves. It may be the basis of rate development.

?Actuarial Opinion? means the opinion of an appointed actuary regarding the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in ance with Section 6 of this regulation and with applicable Actuarial Standards of Practice.

Understanding Actuarial Science For example, studying mortality rates of individuals of a certain age would help insurance companies understand the likelihood or timeframe of paying out a life insurance policy.

The Actuarial Memorandum should contain both narrative and technical components. The narrative component should provide sufficient detail to clearly explain to company management, the regulator, or other authority the findings, recommendations and conclusions, as well as their significance.

Actuarial Opinion Scope Items. The main objective of the Memorandum is to provide a detailed explanation of how information was considered, and how conclusions were drawn for specific Annual Statement items required to be addressed by the Actuarial Opinion.

More info

Actuarial Report requirements per the NAIC SAO Instructions . The following information is required to be submitted with the actuarial opinion: 1.This regulation shall apply to all life insurance companies and fraternal benefit societies doing business in this State and to all. The Actuarial Opinion and the Actuarial Report must be made available to the Board of Directors. Of Opinion and Reserve Report. 2. Review of Qualification Changes. Statements of Actuarial Opinion. 9. 3.12. Adequacy of Assets Supporting Liabilities. 10. 3.13. The actuary should identify applicable balance sheet items within the scope of the opinion (i.e. (2) an Actuarial Opinion Summary prepared and filed in accordance with §7.

Trusted and secure by over 3 million people of the world’s leading companies

New Hampshire Actuarial Opinion Summary Sheet