Article (58): Attachments of the Actuary’s Report
The Company shall send to the CBUAE a copy of the Actuary’s report on the result of the examination and assessment referred to in Articles (55) and (56) above, within six months from the expiry of the period for which the examination was conducted, accompanied by the following:
1) | A statement of valid Insurance Policies concluded by the Company inside or outside the State on the date of conducting the examination. If the activity is carried out by a branch of a foreign Company, the statement shall be limited to the policies concluded or implemented in the State. |
2) | A declaration by persons in charge of the Company’s management that all data and information necessary to access a correct report have been provided to the Actuary. |
Following the expiry of the six-month period, as referred to in this Article, an additional period may be given to the Company to submit this report, provided that this period does not exceed three (3) months.