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Requiring an association that holds a certificate of authority and that issues long term disability or long term care policies or contracts to submit to the Commissioner the opinion of a qualified actuary as to whether the reserves and related actuarial items that support the policies or contracts issued are expected to be adequate to satisfy contractual provisions.

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Requires an association that holds a certificate of authority and that issues long term disability or long term care policies or contracts to submit to the Commissioner the opinion of a qualified actuary as to whether the reserves and related actuarial items that support the policies or contracts issued are expected to be adequate to satisfy contractual provisions.