Skip to main content

Article (13)

IA-BOD-RES 9/2017 Effective from 23/3/2017
  1. The (natural person) Actuary shall provide his services either in his capacity as an employee at the Company or appointed by the company under a contract. In both cases, the Company and the Actuary must inform the Authority of such relationship within seven days from the date of commencement of such relationship.
     
  2. In case the Actuary is appointed as an employee within the company, he shall be prohibited to hold any other position therein or provide his services to any other company.
     
  3. The company shall enable the Actuary to conduct his duties in complete independence and objectivity, and shall make available to the Actuary all documents, information and papers that help perform his duties.
     
  4.  All reports submitted by a corporate Actuary shall be signed by a licensed Actuary by the Authority and registered in the Register.