Statement of Actuarial Opinion-Annual Statement Instructions (including a letter by R. Michael Lamb, and suggested revisions by the NAIC Casualty Actuarial Task Force)

The National Association of Insurance Commissioners (NAIC) adopted a revision to the instructions for the 1992 annual statement Blank due March 1, 1993 regarding the scope and content of the statement of actuarial opinion on casualty loss reserves. A final copy of those 1992 instructions follow. The changes from the 1991 instructions are noted with sidebars. Some of those changes were adopted in June 1992. In addition, please find a letter and attachment from R. Michael Lamb, Chairman of the NAIC Casualty Actuarial (Technical) Task Force to the Chairman of the NAIC Blanks Task Force dated June 17, 1992. That material contains suggested additional revisions for the 1993 instructions (the opinion due March 1, 1994). Due to the significance and the scope of these changes, we thought this material would be useful to you.