23 CAR § 23-504. Adverse opinions

(a)(1) If the appointed actuary is unable to form an opinion, then he or she shall refuse to issue a statement of actuarial opinion. (2) If the appointed actuary’s opinion is adverse or qualified, then he or she shall issue an adverse or qualified actuarial opinion explicitly stating the reasons for the opinion. (b) This statement should follow the scope paragraph and precede the opinion paragraph.