Statement of Opinion Question
Aaron Newhoff ( (no email) )
Tue, 7 Apr 1998 10:08:50 -0700
I've been asked to opine on the reserves of a captive insurer. While I
believe their reserves to be reasonable, they show a negative surplus.
Obviously, they flunk IRIS 9,10, and 11, but in the statement of opinion
guidelines I've looked through, I don't see any indication that this would
necessitate issuing an adverse or even qualified opinion. As far as I can
tell, all I need to do is note the exceptional IRIS values and leave it at
that. Is this really the extent of my responsibility in this case? I
suppose this makes sense if all I'm really opining on is the reserve
number, but I'd never encountered this situation before so I thought I'd
seek a little guidance. Thanks for any info.
Aaron
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