An Actuary, wishing to temporarily stop carrying out his activity or who has a contingent reason preventing him from carrying his activity, shall submit an application to the Authority for temporary suspension of the performance of his duties. The period of such suspension may not exceed three months, extendable to another similar period.
An Actuary may not carry out his activities during the suspension period. In all cases he shall have the right to submit an application to resume the performance of his activity before the end of the specified period, whether the suspension was voluntary or attributed to reasons that have ended.
An actuary, wishing to finally suspend exercising his activities, shall submit an application in this regard to the Authority, and shall continue to exercise the activity until full satisfaction of all requirements of the Authority to cancel the licenses, and the issuance of the decision by the Authority in this regard. The professional indemnity policy shall be terminated by the Authority after the lapse of three months from the date of cancellation, and after all the undertakings of the Actuary are settled, and after verifying that he has no obligations towards the Authority or any other entity, attributed to him from carrying out his activity.