(a) This Part shall apply to all life insurance companies and fraternal benefit societies doing business in this State and all insurers holding a certificate from the superintendent as being accredited for the reinsurance of life insurance, annuities or accident and health insurance.

(b) This Part shall be applicable to all annual statements filed with the office of the superintendent after the effective date of this Part. Except with respect to companies which are exempted pursuant to section 95.6 of this Part, a statement of opinion on the adequacy of the reserves and related actuarial items based on an asset adequacy analysis in accordance with section 95.8 of this Part, and a memorandum in support thereof in accordance with section 95.9 of this Part, shall be required each year. Any company so exempted must file a statement of actuarial opinion pursuant to section 95.7 of this Part.

(c) Notwithstanding the foregoing, the superintendent may require any company otherwise exempted pursuant to this Part to submit a statement of actuarial opinion and to prepare a memorandum in support thereof in accordance with sections 95.8 and 95.9 of this Part.