• I see too many statements of actuarial opinion currently stating that the reserves meet all legal standards where the opinion isn't worth the paper its written on.
  • I'm afraid that there are too many actuaries who have rather loose ideas of current standards of practice in this regard. 

--  J. Alan Lauer, (chief actuary for the State of Pennsylvania)

1985 - SOA - Actuarial Opinions On Asset-Liability Matching, Society of Actuaries - 24p