58-26-96. Qualified actuary engaged by director or by official of another state.
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/sd/title-58/chapter-58-26/58-26-96·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The director may engage a qualified actuary, at the expense of the company, to perform an actuarial examination of the company and opine on the appropriateness of any reserve assumption or method used by the company, or to review and opine on a company's compliance with any requirement set forth in this chapter. The director may rely upon the opinion, regarding provisions contained within this chapter, of a qualified actuary engaged by the insurance supervisory official of another state, district or territory of the United States. As used in this section, the term, engage, includes employment and contracting.