546. Before each and any transfer from the participating fund to a surplus account or a retained earnings account, the actuary charged with the functions provided for in Chapter VII of Title II must produce a report certifying that the transfer is in conformity with the participating fund surplus management policy.
The company must send the actuary’s report to the Authority at least 30 days before the date of the transfer.
2018, c. 23, s. 32018, c. 23, s. 3.