Under ASOP 36 and the NAIC Annual Statement Instructions, there are five types of Opinions: Reasonable, Defi cient, Redundant, Qualified, and No Opinion. In this interactive session, we will discuss a number of situations where the Opinion of the Appointed Actuary may be other than Reasonable, or where there may be a Significant Risk of Material Adverse Deviation, or where there might be other factors that affect the Actuary’s Opinion. We also invite participants to bring with them difficult situations that they would like to discuss.