Section 337
SEC. 337. The following documents, which are from time to time submitted to the Commissioner by a life insurance company authorized to do business in the Philippines, shall be, duly certified by an accredited actuary employed by such company; Policy reserves and net due and deferred premiums. Statements of basis and net premiums, loading for gross premiums, and on non-forfeiture values and reserves, when applying for approval of gross premiums, reserves and non-forfeiture values. Policies of insurance under any plan submitted to the Commissioner as required by law. Annual statements and valuation reports submitted to the Commissioner as required by law. Financial projection showing the probable income and outgo, and reserve requirements, enumerating the actuarial assumptions and bases of projections. Valuation of annuity funds or retirement plans. Any life insurance company authorized to do business in the Philippines may employ any person who is not officially accredited under either of the qualifications for any kind of actuarial work, provided that he shall not, at any time, have the authority to certify to the correctness of the foregoing documents.