TITLE 50: INSURANCE
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AUTHORITY: Implementing Section 223 and authorized by Section 401 of the Illinois Insurance Code (Ill. Rev. Stat. 1981, ch. 73, pars. 835 and 1013).
SOURCE: Effective January 25, 1951; codified at 7 Ill. Reg. 3007.
Section 1404.10 Completion and Review of Valuation of Reserves
The valuation of policies referred to in Section 223 of the Illinois Insurance Code will be completed in the companies' offices. Annually these valuations will be inspected, reviewed and test checked by the Actuarial Staff of this Department to such an extent as may be found necessary to establish the accuracy of the valuation.