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  • Renewal of Registration

    • Article (8)

      1. Every year an Actuary shall submit a renewal application using the form designated by the Authority, thirty days prior to the end of the license term, enclosing the following:
         
        1. A statement of the actuarial works the Actuary has performed in the State during the past year.
           
        2. A proof of continued membership in any of the bodies specialized in actuarial studies and approved by the Authority.
           
        3. A proof of payment of the prescribed fees.
           
        4. The Authority may suspend the Actuary from carrying out his activities, if the renewal application was not submitted in a complete manner.
           
        5. Any other conditions or requirements set by the Authority.
           
      2. The Actuary must meet the licensing conditions at all times.

    • Article (9)

      1. The Actuary shall immediately inform the Authority of any change in the content of documents and data based on which the license was granted, with a maximum period of ten days. The Authority shall determine whether such change is in conformity with the provisions of these Regulations.
         
      2. The corporate Actuary must inform the Authority if the position of the manager in charge therein becomes vacant, and must fill the vacant position within three months from the date the position becomes vacant. The same applies to any other position becoming vacant if such positions involves persons performing actuarial functions according to the number of Companies contracted with.