reglab/housing_qa huggingface dataset:
24-A ME Rev Stat § 901-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 1: ASSETS|24-A §901-A. Statutory accounting principles; reserves

 §901-A. Statutory accounting principles; reserves 1.  Principles; admitted assets.  In evaluating the financial condition of an insurer, the superintendent shall determine which assets may be recognized as admitted assets and shall value the insurer's admitted assets and the insurer's liabilities:   A. In accordance with recognized statutory accounting principles as codified by the National Association of Insurance Commissioners or its successor organization and reflected in the association's accounting practices and procedures manual and valuation of securities manual and their successor publications; and   [PL 2001, c. 524, §1 (NEW).]B. In accordance with any additional accounting practices permitted by the superintendent upon the request of the insurer.   [PL 2001, c. 524, §1 (NEW).][PL 2001, c. 524, §1 (RPR).] 2.  Reserve required.  If the superintendent finds, in view of the character of investments held by a domestic insurer, that it would be prudent for the insurer to establish a special reserve for possible losses or fluctuations in the value of its investments, including realty holdings acquired by mortgage loan default, the superintendent may permit or require the insurer to establish such a reserve, reasonable in amount, and may require that the reserve be maintained and reported in any statement or report of the financial condition of the insurer.   [PL 2001, c. 72, §7 (NEW).] 3.  Rules.  The superintendent may adopt rules to implement the purposes of this section. Rules adopted pursuant to this subsection are routine technical rules as defined in Title 5, chapter 375, subchapter II-A.   [PL 2001, c. 72, §7 (NEW).] SECTION HISTORY PL 2001, c. 72, §7 (NEW). PL 2001, c. 524, §1 (AMD).
24-A ME Rev Stat § 902 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 1: ASSETS|24-A §902. Assets not allowed (REPEALED)

 §902. Assets not allowed (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1987, c. 399, §2 (AMD). PL 2001, c. 72, §8 (RP).
24-A ME Rev Stat § 921 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2: LIABILITIES|24-A §921. Liabilities, in general (REPEALED)

 §921. Liabilities, in general (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1977, c. 432, §1 (AMD). PL 2001, c. 72, §9 (RP).
24-A ME Rev Stat § 922 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2: LIABILITIES|24-A §922. Disallowance of "wash" transactions (REPEALED)

 §922. Disallowance of "wash" transactions (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2001, c. 72, §9 (RP).
24-A ME Rev Stat § 923 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2: LIABILITIES|24-A §923. Unearned premium reserve (REPEALED)

 §923. Unearned premium reserve (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 2001, c. 72, §9 (RP).
24-A ME Rev Stat § 924 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2: LIABILITIES|24-A §924. Unearned premium reserve for marine and transportation insurance (REPEALED)

 §924. Unearned premium reserve for marine and transportation insurance (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2001, c. 72, §9 (RP).
24-A ME Rev Stat § 925 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2: LIABILITIES|24-A §925. Health insurance policy reserves (REPEALED)

 §925. Health insurance policy reserves (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 124 (AMD). PL 1973, c. 585, §12 (AMD). PL 1979, c. 453, §1 (RPR). PL 1979, c. 663, §§140,141 (AMD). PL 2001, c. 72, §9 (RP).
24-A ME Rev Stat § 926 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2: LIABILITIES|24-A §926. Title insurance reserves (REPEALED)

 §926. Title insurance reserves (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 2001, c. 72, §9 (RP).
24-A ME Rev Stat § 927 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2: LIABILITIES|24-A §927. Mortgage guaranty contingency reserve (REPEALED)

 §927. Mortgage guaranty contingency reserve (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1969, c. 177, §16 (AMD). PL 1973, c. 585, §12 (AMD). PL 1981, c. 501, §43 (AMD). PL 2001, c. 72, §9 (RP).
24-A ME Rev Stat § 941 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2-A: PROPERTY CASUALTY INSURANCE RESERVES|24-A §941. Definitions (REPEALED)

 §941. Definitions (REPEALED)SECTION HISTORY PL 1991, c. 128 (NEW). PL 2007, c. 281, §1 (RP). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 942 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2-A: PROPERTY CASUALTY INSURANCE RESERVES|24-A §942. Property and casualty insurance reserves; required annual certifications (REPEALED)

 §942. Property and casualty insurance reserves; required annual certifications (REPEALED)SECTION HISTORY PL 1991, c. 128 (NEW). PL 2007, c. 281, §1 (RP). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 943 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2-A: PROPERTY CASUALTY INSURANCE RESERVES|24-A §943. Statement of certifying actuary (REPEALED)

 §943. Statement of certifying actuary (REPEALED)SECTION HISTORY PL 1991, c. 128 (NEW). PL 2007, c. 281, §1 (RP). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 944 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2-A: PROPERTY CASUALTY INSURANCE RESERVES|24-A §944. Exceptions (REPEALED)

 §944. Exceptions (REPEALED)SECTION HISTORY PL 1991, c. 128 (NEW). PL 1999, c. 113, §22 (RP).
24-A ME Rev Stat § 945 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2-A: PROPERTY CASUALTY INSURANCE RESERVES|24-A §945. Transition period (REPEALED)

 §945. Transition period (REPEALED)SECTION HISTORY PL 1991, c. 128 (NEW). PL 2007, c. 281, §1 (RP). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 946 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2-A: PROPERTY CASUALTY INSURANCE RESERVES|24-A §946. Required notice (REPEALED)

 §946. Required notice (REPEALED)SECTION HISTORY PL 1991, c. 128 (NEW). PL 2007, c. 281, §1 (RP). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 947 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 2-A: PROPERTY CASUALTY INSURANCE RESERVES|24-A §947. Rules authorized (REPEALED)

 §947. Rules authorized (REPEALED)SECTION HISTORY PL 1991, c. 128 (NEW). PL 2007, c. 281, §1 (RP). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 951 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §951. Short title

 §951. Short title This subchapter may be known and cited as "the Standard Valuation Law."   [PL 2013, c. 238, Pt. C, §1 (NEW).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1983, c. 346, §1 (AMD). PL 2013, c. 238, Pt. C, §1 (RPR).
24-A ME Rev Stat § 952 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §952. Calculation of reserve liabilities

 §952. Calculation of reserve liabilities 1.  The superintendent shall annually value, or cause to be valued, the reserve liabilities, hereinafter called reserves, for all outstanding life insurance policies and annuity and pure endowment contracts of every life insurer transacting business in this State in accordance with this subchapter, except that in the case of an alien insurer, such valuation must be limited to its United States business; and may certify the amount of any such reserves, specifying the mortality table or tables, rate or rates of interest and methods, net level premium method or other, used in the calculation of such reserves. In calculating such reserves, the superintendent may use group methods and approximate averages for fractions of a year or otherwise. In lieu of the valuation of the reserves required of any foreign or alien insurer, the superintendent may accept any valuation made, or caused to be made, by the insurance supervisory official of any state or other jurisdiction when such valuation complies with the minimum standard herein provided. For policies and contracts issued before the operative date of the valuation manual or not addressed by the valuation manual, reserves must be determined according to sections 953 to 958-A. For policies and contracts issued after the operative date of the valuation manual, reserves must be determined according to sections 959 and 960 and as specified by the valuation manual.   [PL 2013, c. 238, Pt. C, §3 (AMD).] 2.  Any such insurer which at any time shall have adopted any standard of valuation producing greater aggregate reserves than those calculated according to the minimum standard herein provided may, with the approval of the superintendent, adopt any lower standard of valuation, but not lower than the minimum herein provided.   [PL 1973, c. 585, §12 (AMD).] 3.  Beginning on the operative date of the valuation manual, a life or health insurer and a casualty or multiple lines insurer transacting health insurance shall comply with the applicable requirements of this subchapter if the insurer is required to hold a certificate of authority to write one or more subject lines of insurance in this State or if the insurer has written, issued or reinsured contracts of one or more subject lines of insurance in this State and has at least one such policy in force or on claim.   [PL 2013, c. 238, Pt. C, §4 (NEW).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2013, c. 238, Pt. C, §§3, 4 (AMD).
24-A ME Rev Stat § 952-B (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §952-B. Applicability of reserving methodologies

 §952-B. Applicability of reserving methodologies Sections 953 to 958-A do not apply to a policy or contract that is issued on or after the operative date of the valuation manual and is subject to section 959, unless those sections are made applicable by reference in whole or part in the valuation manual.   [PL 2013, c. 238, Pt. C, §6 (NEW).]SECTION HISTORY PL 2013, c. 238, Pt. C, §6 (NEW).
24-A ME Rev Stat § 955 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §955. Minimum reserves

 §955. Minimum reserves 1.  Minimum aggregate reserves for life insurance policies.  An insurer's aggregate reserves for all life insurance policies, excluding disability and accidental death benefits, that are subject to section 953, subsection 2 may not be less than the aggregate reserves calculated in accordance with the method set forth in sections 954 and 957-A and the mortality table or tables and rate or rates of interest used in calculating nonforfeiture benefits for these policies.   [PL 1993, c. 634, Pt. B, §2 (NEW).] 2.  Minimum aggregate reserves for all policies.  The aggregate reserves for all policies, contracts and benefits may not be less than the aggregate reserves determined necessary by the appointed actuary in the opinion required by section 952‑A.   [PL 2013, c. 238, Pt. C, §7 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1983, c. 346, §6 (AMD). PL 1993, c. 634, Pt. B, §2 (RPR). PL 2013, c. 238, Pt. C, §7 (AMD).
24-A ME Rev Stat § 956 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §956. Optional reserve calculation

 §956. Optional reserve calculation 1.  Reserve calculation.  Reserves for any category of policies, contracts or benefits as established by the superintendent that are subject to section 953, subsection 2, may be calculated at the option of the insurer according to any standards that produce greater aggregate reserves for that category than those calculated according to the minimum standard provided in section 955, but the rate or rates of interest used for policies and contracts, other than annuity and pure endowment contracts, may not be higher than the corresponding rate or rates of interest used in calculating any nonforfeiture benefits provided.   [PL 1993, c. 634, Pt. B, §3 (NEW).] 2.  Lower standard of valuation.  Any insurer that adopts any standard of valuation producing greater aggregate reserves than those calculated according to the minimum standard provided in section 955 may adopt, with the approval of the superintendent, any lower standards of valuation, but not lower than the minimum required, except that for the purposes of this section the holding of additional reserves previously determined necessary by the appointed actuary in the opinion required by section 952‑A may not be determined to be the adoption of a higher standard of valuation.   [PL 2013, c. 238, Pt. C, §8 (AMD).] SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1979, c. 453, §6 (AMD). PL 1993, c. 634, Pt. B, §3 (RPR). PL 2013, c. 238, Pt. C, §8 (AMD).
24-A ME Rev Stat § 957 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §957. Deficiency reserve

 §957. Deficiency reserve If the gross premium charged by any life insurer on any policy or contract which is subject to section 953, subsection 2, is less than the valuation net premium for the policy or contract calculated by the method used in calculating the reserve thereon, but using the minimum valuation standards of mortality and rate of interest, the minimum reserve required for that policy or contract shall be the greater of either the reserve calculated according to the mortality table, rate of interest and method actually used for that policy or contract, or the reserve calculated by the method actually used for that policy or contract, but using the minimum valuation standards of mortality and rate of interest and replacing the valuation net premium by the actual gross premium in each contract year for which the valuation net premium exceeds the actual gross premium. The minimum valuation standards of mortality and rate of interest referred to in this section are those standards stated in sections 953 and 953-A.   [PL 1983, c. 346, §7 (AMD).]For any life insurance policy issued on or after January 1, 1987, for which the gross premium in the first policy year exceeds that of the 2nd year and for which no comparable additional benefit is provided in the first year for that excess and that provides an endowment benefit or a cash surrender value or a combination thereof in an amount greater than that excess premium, the foregoing provisions of this section must be applied as if the method actually used in calculating the reserve for that policy were the method described in section 954, ignoring the 2nd paragraph of section 954. The minimum reserve at each policy anniversary of such a policy is the greater of the minimum reserve calculated in accordance with section 954, including the 2nd paragraph of that section, and the minimum reserve calculated in accordance with this section.   [PL 2011, c. 420, Pt. A, §22 (AMD).]SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1979, c. 453, §7 (RPR). PL 1983, c. 346, §7 (AMD). PL 2011, c. 420, Pt. A, §22 (AMD).
24-A ME Rev Stat § 957-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §957-A. Superintendent's authority to approve certain plans

 §957-A. Superintendent's authority to approve certain plans 1.  In the case of any plan of life insurance which provides for future premium determination, the amounts of which are to be determined by the insurance company based on then estimates of future experience, or in the case of any plan of life insurance or annuity which is of such a nature that the minimum reserves cannot be determined by the methods described in sections 954 and 957, the reserves which are held under any plan of that type must:   A. Be appropriate in relation to the benefits and the pattern of premiums for that plan; and   [PL 1983, c. 346, §8 (NEW).]B. Be computed by a method which is consistent with the principles of this Standard Valuation Law,   [PL 1983, c. 346, §8 (NEW).]as determined by regulations promulgated by the superintendent.   [PL 1983, c. 346, §8 (NEW).] SECTION HISTORY PL 1983, c. 346, §8 (NEW).
24-A ME Rev Stat § 958 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §958. Interest rates

 §958. Interest rates All changes in the interest rates specified in this subchapter and in sections 2528 to 2534, which were made by the Amendatory Acts of 1979, shall become ineffective as to contracts or policies issued on or after November 1, 1987, unless expressly extended by law.   [PL 1979, c. 453, §8 (NEW).]SECTION HISTORY PL 1979, c. 453, §8 (NEW).
24-A ME Rev Stat § 958-A (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §958-A. Interest rates extended

 §958-A. Interest rates extended Notwithstanding section 958, the changes in the interest rates for life insurance specified in this subchapter and in sections 2528 to 2534, which were made by the Amendatory Acts of 1979, shall continue to apply to life insurance policies issued on or after January 1, 1980 and prior to the operative date of the Standard Nonforfeiture Law for Life Insurance, section 2532‑A.   [PL 1983, c. 346, §9 (NEW).]SECTION HISTORY PL 1983, c. 346, §9 (NEW).
24-A ME Rev Stat § 961 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 3: LIFE INSURANCE RESERVES|24-A §961. Experience reporting

 §961. Experience reporting For all policies and contracts in force on or after the operative date of the valuation manual, an insurer shall submit mortality, morbidity, policyholder behavior and expense experience data, as applicable, and other data as prescribed in the valuation manual.   [PL 2013, c. 238, Pt. C, §9 (NEW).]SECTION HISTORY PL 2013, c. 238, Pt. C, §9 (NEW).
24-A ME Rev Stat § 981 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 4: VALUATION OF ASSETS|24-A §981. Valuation of bonds (REPEALED)

 §981. Valuation of bonds (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 1991, c. 828, §22 (AMD). PL 1993, c. 313, §19 (AMD). PL 2001, c. 72, §10 (RP).
24-A ME Rev Stat § 982 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 4: VALUATION OF ASSETS|24-A §982. Valuation of other securities (REPEALED)

 §982. Valuation of other securities (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1971, c. 622, §§78-A (AMD). PL 1973, c. 585, §12 (AMD). PL 1977, c. 432, §2 (AMD). PL 1993, c. 313, §20 (AMD). PL 2001, c. 72, §10 (RP).
24-A ME Rev Stat § 983 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 4: VALUATION OF ASSETS|24-A §983. Valuation of property (REPEALED)

 §983. Valuation of property (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 1973, c. 585, §12 (AMD). PL 2001, c. 72, §10 (RP).
24-A ME Rev Stat § 984 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 4: VALUATION OF ASSETS|24-A §984. Valuation of purchase money mortgages (REPEALED)

 §984. Valuation of purchase money mortgages (REPEALED)SECTION HISTORY PL 1969, c. 132, §1 (NEW). PL 2001, c. 72, §10 (RP).
24-A ME Rev Stat § 991 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 5: PROPERTY AND CASUALTY ACTUARIAL OPINION|24-A §991. Short title

 §991. Short title This Act may be known and cited as "the Property and Casualty Actuarial Opinion Act."   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).]SECTION HISTORY PL 2007, c. 281, §2 (NEW). PL 2007, c. 281, §3 (AFF).
24-A ME Rev Stat § 992 (2021)
2021 Maine Revised Statutes|TITLE 24-A: MAINE INSURANCE CODE|Chapter 11: ASSETS AND LIABILITIES|Subchapter 5: PROPERTY AND CASUALTY ACTUARIAL OPINION|24-A §992. Definitions

 §992. Definitions As used in this subchapter, unless the context otherwise indicates, the following terms have the following meanings.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).]1.  Covered kinds of insurance.  "Covered kinds of insurance" means property insurance as defined in section 705 and casualty insurance as defined in section 707 and does not include health insurance as defined in section 704, unless required by the applicable NAIC annual statement instructions to be included in the property and casualty actuarial opinion of a casualty insurer or multiple lines insurer, or property insurance written by domestic mutual assessment insurers pursuant to chapter 51.   A. [PL 2013, c. 238, Pt. C, §10 (RP).] B. [PL 2013, c. 238, Pt. C, §10 (RP).] [PL 2013, c. 238, Pt. C, §10 (RPR).] 2.  NAIC.  "NAIC" means the National Association of Insurance Commissioners.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).] 3.  Qualified actuary.  "Qualified actuary" means a person who is a member of the American Academy of Actuaries who has obtained a designation either as a fellow or an associate in the Casualty Actuarial Society and, if an associate, has at least 5 years' experience in actuarial practice obtained in the covered kinds of insurance.   [PL 2007, c. 281, §2 (NEW); PL 2007, c. 281, §3 (AFF).] SECTION HISTORY PL 2007, c. 281, §2 (NEW). PL 2007, c. 281, §3 (AFF). PL 2013, c. 238, Pt. C, §10 (AMD).