<html> <head> <title>Rule 20:06:37:38 Adverse opinions.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:37:38"> <META NAME="Description" Content="Administrative Rules 20:06:37:38 Adverse opinions."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:37:38.&nbsp;&nbsp;Adverse opinions.</b> If the appointed actuary is unable to form an opinion, then the actuary shall refuse to issue a statement of actuarial opinion. If the appointed actuary's opinion is adverse or qualified, then the actuary shall issue an adverse or qualified actuarial opinion explicitly stating the reason or reasons for that opinion. This statement follows the scope paragraph and precedes the opinion paragraph.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 23 SDR 236, effective July 16, 1997.</p> <p>&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>&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> </div> </body> </html>