Ark. Code Ann. § 23-63-1904

An appointed actuary is not liable for damages to any person other than the property and casualty insurance company or the Insurance Commissioner, or both the property and casualty insurance company and the commissioner, for any act, error, omission, decision, or conduct with respect to the actuary's statement of actuarial opinion, except in cases of fraud or willful misconduct on the part of the appointed actuary.