<html> <head> <title>Rule 20:06:37:33 Notation of actuary's reliance upon experts.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:37:33"> <META NAME="Description" Content="Administrative Rules 20:06:37:33 Notation of actuary's reliance upon experts."> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Generator content="Microsoft Word 14 (filtered)"> <style> <!-- /* Style Definitions */ p.MsoNormal, li.MsoNormal, div.MsoNormal {margin:0in; margin-bottom:.0001pt; font-size:12.0pt; font-family:"Times New Roman","serif";} @page WordSection1 {size:8.5in 11.0in; margin:1.0in 1.25in 1.0in 1.25in;} div.WordSection1 {page:WordSection1;} --> </style> </head> <body lang=EN-US> <div class=WordSection1> <p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:37</b><b>:33.&nbsp;&nbsp;Notation of actuary's reliance upon experts.</b> If the appointed actuary has relied on other experts to develop certain portions of the analysis, the reliance paragraph must include a statement such as the following:</p> <p class=MsoNormal style='text-align:justify'>&nbsp;</p> <p class=MsoNormal style='margin-top:0in;margin-right:.5in;margin-bottom:0in; margin-left:.5in;margin-bottom:.0001pt;text-align:justify'>I have relied on [name], [title] for [e.g., anticipated cash flows from currently owned assets, including variations in cash flows according to economic scenarios or certain critical aspects of the analysis performed in conjunction with forming my opinion], as certified in the attached statement. I have reviewed the information relied upon for reasonableness.</p> <p class=MsoNormal style='text-align:justify'>&nbsp;</p> <p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The statement of reliance on other experts must be accompanied by a statement by each of the experts in the form prescribed by &#167;&nbsp;20:06:37:39.</p> <p class=MsoNormal style='text-align:justify'>&nbsp;</p> <p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 23 SDR 236, effective July 16, 1997; 34 SDR 297, effective June 2, 2008.</p> <p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-26-46">58-26-46</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-26-47">58-26-47</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-26-50">58-26-50.</A></p> <p class=MsoNormal style='text-align:justify'>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-26-46">58-26-46</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-26-47">58-26-47</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-26-50">58-26-50.</A></p> <p class=MsoNormal style='text-align:justify'>&nbsp;</p> </div> </body> </html>