The independent actuarial opinion submitted with the application must:
  (1) describe the extent to which projected plan contributions:
    (A) are not excessive;
    (B) are not unfairly discriminatory;
    (C) are adequate to pay all of the plan's:
      (i) benefit payments;
      (ii) administrative expenses;
      (iii) other operational expenses; and
    (D) are sufficient to maintain the required reserves and surplus to be held in trust for the plan's participants; and
  (2) include a statement allocating the projected plan contributions to be charged to clients for plan coverage for:
    (A) the plan's administrative expenses;
    (B) plan reserves; and
    (C) all other expenses associated with operation of the applicant's plan.

Source Note: The provisions of this §13.533 adopted to be effective May 17, 2016, 41 TexReg 3479