---
kind: "section"
citation: "42 C.F.R. § 403.258"
title: "42"
number: "403.258"
heading: "Statement of actuarial opinion."
url: "https://uscodex.org/cfr/42/403.258"
---

# §403.258. Statement of actuarial opinion.

- (a) For purposes of certification requests submitted under [§ 403.232(b)](/cfr/42/403.232.md?p=b) and subsequent review as specified in [§ 403.239(a)](/cfr/42/403.239.md?p=a), statement of actuarial opinion means a signed declaration in which a qualified actuary states that the assumptions used in calculating the expected loss ratio are appropriate and reasonable, taking into account actual policy experience, if any, and reasonable expectations.
- (b) **Qualified actuary—** means—
  - (1) A member in good standing of the American Academy of Actuaries; or
  - (2) A person who has otherwise demonstrated his or her actuarial competence to the satisfaction of the Commissioner or Superintendent of Insurance of the domiciliary State of the insuring organization.

## Notes

### Source

Source: 47 FR 32400, July 26, 1982, unless otherwise noted.

### Authority

Authority: 42 U.S.C. 1302 and 1395hh.