A Company must have an effective and independent actuarial function capable of evaluating and providing advice regarding, at a minimum, technical provisions, premium and pricing adequacy, solvency, capital adequacy and reinsurance, so as to contribute to the effective implementation of the risk management system to satisfy all of the actuarial requirements pursuant to the following, as amended from time to time:
Any other regulation or requirement issued by the Central Bank.
b.
The Company's actuarial function must have primary reporting obligations to the Chief Executive Officer and a right of access to the Board or the Board audit committee and/or Board risk committee.