TITLE 14. INSURANCE
TITLE 14. INSURANCE
STATE CORPORATION COMMISSION
Final Regulation
REGISTRAR'S NOTICE: The State Corporation Commission is claiming an exemption from the Administrative Process Act in accordance with § 2.2-4002 A 2 of the Code of Virginia, which exempts courts, any agency of the Supreme Court, and any agency that by the Constitution is expressly granted any of the powers of a court of record.
Title of Regulation: 14VAC5-310. Rules Governing Actuarial Opinions and Memoranda (repealing 14VAC5-310-10 through 14VAC5-310-120).
Effective Date: October 19, 2026.
Agency Contact: Doug Stolte, Deputy Commissioner, Bureau of Insurance, State Corporation Commission, P.O. Box 1157, Richmond, VA 23218, telephone (804) 371-9630, or email doug.stolte@scc.virginia.gov.
Summary:
The amendments repeal Rules Governing Actuarial Opinions and Memoranda (14VAC5-310). The regulation has been replaced by the National Association of Insurance Commissioners' Valuation Manual, effective January 1, 2017, rendering 14VAC5-310 obsolete.
AT RICHMOND, SEPTEMBER 4, 2026
COMMONWEALTH OF VIRGINIA, ex rel.
STATE CORPORATION COMMISSION
CASE NO. INS-2026-00045
Ex Parte: In the matter of Repealing the Rules
Governing Actuarial Opinions and Memoranda
ORDER REPEALING REGULATIONS
On June 1, 2026, the State Corporation Commission (Commission) entered an Order Establishing Proceeding (Order) regarding a proposal by the Bureau of Insurance (Bureau) to repeal Chapter 310 of Title 14 of the Virginia Administrative Code (Chapter 310), 14VAC5-310-10 et seq., entitled "Rules Governing Actuarial Opinions and Memoranda."
The Bureau recommended the repeal of Chapter 310 because the regulations have been effectively rendered obsolete by the provisions of Section 38.2-1367 B of the Code of Virginia.
The Order, together with the proposal to repeal Chapter 310, was sent to interested persons as designated by the Bureau and to the Office of the Virginia Attorney General's Division of Consumer Counsel (Consumer Counsel). In addition, the Order was published in the Virginia Register of Regulations on June 29, 2026. Consumer Counsel and other interested persons were afforded the opportunity to file written comments and/or request a hearing on or before August 12, 2026. No comments or requests for a hearing on the proposed repeal of Chapter 310 were filed with the Clerk of the Commission.
NOW THE COMMISSION, having considered this matter, concludes that Chapter 310 should be repealed effective October 19, 2026.
Accordingly, IT IS ORDERED THAT:
(1) Chapter 310 is REPEALED, effective October 19, 2026.
(2) The Bureau shall provide notice of this Order Repealing Regulations to any interested persons as the Bureau may designate.
(3) The Commission's Office of General Counsel shall provide a copy of this Order Repealing Regulations, together with the attached repealed Chapter 310, to the Virginia Registrar of Regulations for publication in the Virginia Register of Regulations.
(4) Interested persons may download unofficial copies of this Order Repealing Regulations from the Commission's website: https://www.scc.virginia.gov/case-information.
(5) This case is dismissed.
A COPY hereof shall be sent by the Clerk of the Commission to: John E. Farmer, Jr., Senior Assistant Attorney General, jfarmer@oag.state.va.us, Office of the Attorney General, Division of Consumer Counsel, 202 North 9th Street, 8th Floor, Richmond, Virginia 23219-3424; the Commission's Office of General Counsel; and the Bureau of Insurance in care of Deputy Commissioner Doug Stolte.
VA.R. Doc. No. R26-8686; Filed September 14, 2026