Indiana Code
Chapter 35. Business Transacted With Producer Controlled Property and Casualty Insurers
27-1-35-13. Opinions of Independent Casualty Actuaries or Independent Loss Reserve Specialists

Sec. 13. In addition to any other required loss reserve certification, the controlled insurer shall annually, on April 1 of each year, file with the commissioner an opinion of an independent casualty actuary or such other independent loss reserve specialist acceptable to the commissioner reporting loss ratios for each line of business written and attesting to the adequacy of loss reserves established for losses incurred and outstanding as of year end (including incurred but not reported) on business placed by the producer.
As added by P.L.130-1994, SEC.36 and P.L.116-1994, SEC.47.

Structure Indiana Code