Indiana § 27-15-3-4 - Actuarial opinion requirements
Full text of Indiana Indiana Code § 27-15-3-4 — Actuarial opinion requirements, with citation guidance and answers to common questions.
§ 27-15-3-4. Actuarial opinion requirements
Sec. 4. The actuarial opinion required by this chapter shall be:
(1) provided and signed by a qualified and independent actuary who is a member of the American Academy of Actuaries;
(2) given in accordance with professional standards and practices generally accepted by the actuarial profession and those other factors as the actuary believes are reasonable and appropriate in the exercise of professional judgment at the time the opinion is given;
(3) supported by a memorandum of the actuary, describing the calculations made in support of the opinion and the assumptions used in the calculations; and
(4) submitted to the commissioner.
As added by P.L.94-1999, SEC.3.
IC 27-15-4Chapter 4. Public Hearing and Commissioner's Determination
27-15-4-1Commissioner's determination of application completeness; designation of date for public hearing 27-15-4-2Purpose of public hearing 27-15-4-3Commencement of hearing; postponement 27-15-4-4Notice of hearing 27-15-4-5Publication of notice 27-15-4-6Hearing procedures 27-15-4-7Issuance of commissioner's determination 27-15-4-8Findings required for application approval 27-15-4-9Waiver of findings for application approval
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 27-15-3-4
What does Indiana Code § 27-15-3-4 cover?
Section 27-15-3-4 ("Actuarial opinion requirements") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 27-15-3-4?
A common citation format is "Indiana Code § 27-15-3-4" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 27-15-3-4 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.