298.13. The actuary shall prepare, before the end of each fiscal year, a study concerning the current financial position of the insurer. He shall send a copy to the board of directors, to the auditor and, where he so requests, to the Inspector General.
At the request of the Inspector General, the study shall also concern the expected future financial condition of the insurer, and shall describe the potential financial repercussions of the insurer’s activities.
The actuary shall meet with the board of directors to present his findings to it. Instead of meeting the actuary, the board of directors may ask that he present his findings to the audit committee.