Subchapter V of ch. Ins 50, Wis. Adm. Code, was amended effective December 31, 2005, resulting in the following changes:
An actuarial opinion based on asset adequacy analysis is required for all life insurers and fraternal benefit societies (i.e., there are no more exemptions based on size).
Pursuant to s. Ins 50.79 (1) (e) and (3), Wis. Adm. Code, insurers licensed in Wisconsin are required to file a Regulatory Asset Adequacy Issues Summary (RAAIS) by March 15. This Office will keep the information in the RAAIS confidential as specified in the aforementioned regulation. To help ensure that it is kept confidential,
the RAAIS should be submitted in a separate envelope clearly marked "Regulatory Asset Adequacy Issues Summary - Confidential," and sent to:
Mailing Address:
Bureau of Financial Analysis and Examinations
Office of the Commissioner of Insurance
PO Box 7873
Madison, WI 53707-7873 | Street Address (for express package delivery):
Bureau of Financial Analysis and Examinations
Office of the Commissioner of Insurance
125 S. Webster St.
Madison, WI 53703-3474 |
Questions regarding the RAAIS should be directed to Jerry DeArmond at (608) 267-3558 or
jerry.dearmond@wisconsin.gov.