211 CMR, § 132.03
211 CMR 132.00 shall apply to all life insurance companies and fraternal benefit societies doing business in this State and to all life insurance companies and fraternal benefit societies that are authorized to reinsure life insurance, annuities or accident and health insurance business in this State.
211 CMR 132.00 shall be applied in a manner that allows the appointed actuary to utilize his or her professional judgment in performing the asset analysis and developing the actuarial opinion and supporting memoranda, consistent with relevant, actuarial standards of practice. However, the Commissioner shall have the authority to identify specific methods of actuarial analysis and actuarial assumptions when, in the Commissioner's judgment, these specifications are necessary for an acceptable opinion to be rendered relative to the adequacy of reserves and related items.
211 CMR 132.00 shall be applicable to all annual statements filed with the Commissioner after September 22, 2006. A statement of opinion on the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with 211 CMR 132.06, and a memorandum in support thereof in accordance with 211 CMR 132.07, shall be required each year.
211 CMR, § 132.03