DE SB54

Requires all property and casualty insurance companies doing business in Delaware to annually submit a Statement of Actuarial Opinion to the Department of Insurance, prepared by an appointed actuary, unless exempted by the Commissioner.

Property and casualty insurance companies domiciled in Delaware must submit an Actuarial Opinion Summary written by the company's Appointed Actuary, while non-domiciled licensed companies must provide it upon request.

Companies must prepare an Actuarial Report and underlying workpapers to support each Actuarial Opinion in accordance with NAIC Property and Casualty Annual Statement Instructions.

The Commissioner may engage a qualified actuary at the company's expense to review the opinion and prepare supporting documentation if the company fails to provide acceptable materials.

Designates the Statement of Actuarial Opinion as a public document, while Actuarial Reports, workpapers, and Actuarial Opinion Summaries are confidential and privileged, exempt from public records requests and discovery, though the Commissioner may share them with regulatory agencies and law enforcement with proper confidentiality agreements.