Texas § IN.802.002 - ACTUARIAL OPINION REQUIRED
Full text of Texas The Texas Constitution § IN.802.002 — ACTUARIAL OPINION REQUIRED, with citation guidance and answers to common questions.
§ IN.802.002. ACTUARIAL OPINION REQUIRED
ACTUARIAL OPINION REQUIRED. (a) In this section, "qualified actuary" means: (1) a member in good standing of the American Academy of Actuaries; or (2) a person who has otherwise demonstrated actuarial competence to the satisfaction of the commissioner or an insurance regulatory official of another state in which the insurance company is domiciled. (b) An insurance company's annual statement must include a statement of a qualified actuary entitled "Statement of Actuarial Opinion" that: (1) is located on or is attached to the first page of the annual statement; and (2) provides the opinion of the actuary relating to policy reserves and other actuarial items for life insurance, accident and health insurance, and annuities, or loss and loss adjustment expense reserves for property and casualty risks, as described in the annual statement instructions of the National Association of Insurance Commissioners as appropriate for the type of risks insured. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.802.002
What does The Texas Constitution § IN.802.002 cover?
Section IN.802.002 ("ACTUARIAL OPINION REQUIRED") is part of the The Texas Constitution, the codified statutory law of Texas. 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 Texas § IN.802.002?
A common citation format is "The Texas Constitution § IN.802.002" (Texas). 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 Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.802.002 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas 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 Texas.