§ 27-4-20 - Employment of actuary to make valuation – Acceptance of valuation by company. - Rhode Island Statutes

SECTION 27-4-20

   § 27-4-20  Employment of actuary to makevaluation – Acceptance of valuation by company. – For the purpose of making a valuation, the director of business regulation mayemploy a competent actuary to do the valuation, who shall be paid by thecompany for which the services are rendered, but nothing in this chapter shallprevent any company from making the valuation contemplated in this section,which may be received by the director upon the proof that he or she maydetermine. The expense of procuring that proof shall be paid by the company.