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:
A statement of the actuarial works the Actuary has performed in the State during the past year.
A proof of continued membership in any of the bodies specialized in actuarial studies and approved by the Authority.
A proof of payment of the prescribed fees.
The Authority may suspend the Actuary from carrying out his activities, if the renewal application was not submitted in a complete manner.
Any other conditions or requirements set by the Authority.
The Actuary must meet the licensing conditions at all times.