Wisconsin Administrative Code (Last Updated: January 10, 2017) |
Agency Ins. Office of the Commissioner of Insurance |
Chapter 50. Annual Audited Financial Reports, Annual FinancialStatements And Examinations |
SubChapter IV. Actuarial Opinion |
Section 50.68. Reliance on actuary opinion.
Latest version.
- An actuarial opinion which is issued by a qualified actuary and required under this subchapter and subch. V is solely for the benefit of the insurer which is the subject of the opinion, the commissioner and the office. It is not for the benefit of any other person and is therefore not to be relied upon by any other person unless reliance is induced by fraud or willful misconduct.
History:
Cr.
Register, December, 1995, No. 480
, eff. 1-1-96.