760 IAC 1-57-3 Scope

Sec. 3. (a) This rule shall apply to: (1) all life insurance companies and fraternal benefit societies doing business in this state; (2) all life insurance companies and fraternal benefit societies that are authorized to reinsure life insurance, annuities, or accident and health insurance business in this state; and (3) any annual statement filed with the commissioner after the effective date of this rule. (b) A statement of opinion on the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with section 8 of this rule, and a memorandum in support thereof in accordance with section 9 of this rule, shall be required each year.