Qualified actuary definition

Qualified actuary means a member in good standing of the American Academy of Actuaries.
Qualified actuary means an individual who is qualified to sign the applicable statement of actuarial opinion in accordance with the American academy of actuaries qualification standards for actuaries signing such statements and who meets the requirements specified in the valuation manual.
Qualified actuary means any individual who meets the requirements set forth in 5.34(5)“b.”

Examples of Qualified actuary in a sentence

  • The term "Actuarial(ly) Equivalent" shall mean a benefit of equivalent value but of different form of payment to a specified benefit, as determined on a basis of calculation pursuant to the advice of the Qualified Actuary, in accordance with Applicable Pension Laws and Revenue Rules and in effect on the date such determination is being made.

  • Provide an annual calculation by a Qualified Actuary of the variable annuity unit value and assignment of units to all beneficiaries retired during the year who elected to have benefits paid under the variable annuity.


More Definitions of Qualified actuary

Qualified actuary means an individual who:
Qualified actuary means an actuary who is a member of the American Academy of Actuaries qualified as to health reserving methodologies.[PL 2011, c. 395, §2 (NEW).]
Qualified actuary means an individual who is qualified to
Qualified actuary means an individual who is qualified to sign the applicable
Qualified actuary means a member in good standing of the
Qualified actuary means an individual who is a member of the American Academy of Actuaries or meets such reasonable standards and qualifications as the commissioner may require.
Qualified actuary means a member in good standing of the Casualty Actuarial Society or a member in good standing of the American Academy of Actuaries, who has been approved as qualified for signing casualty loss reserve opinions by the Casualty Practice Council of the American Academy of Actuaries, and is in compliance with G.S. 58-2-171.