505.15  Actuarial staff.

The commissioner may appoint a staff of actuaries as necessary to carry out the duties of the division. The actuarial staff shall:

1.  Perform analyses of rate filings.

2.  Perform audits of submitted loss data.

3.  Conduct rate hearings and serve as expert witnesses.

4.  Prepare, review, and dispense data on the insurance business.

5.  Assist in public education concerning the insurance business.

6.  Identify any impending problem areas in the insurance business.

7.  Assist in examinations of insurance companies.

Section History: Recent form

  87 Acts, ch 132, §2


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