23 CAR § 23-702. Selection of assets for analysis

(a) The appointed actuary shall analyze only those assets held in support of the reserves which are the subject for specific analysis, thereafter called “specified reserves”. (b)(1) A particular asset or portion thereof supporting a group of specified reserves cannot support any other group of specified reserves. (2) An asset may be allocated over several groups of specified reserves. (c) The annual statement value of the assets held in support of the reserves shall not exceed the annual statement value of the specified reserves, except as provided in 23 CAR § 23-703. (d) If the method of asset allocation is not consistent from year to year, the extent of its inconsistency should be described in the supporting memorandum.