For a natural person Actuary, the application for licensing and registration shall be submitted on the form designated by the Authority for this purpose enclosing the following information, and supporting documents:
Name of applicant, nationality, address and place of residence inside the State and outside the State.
A copy of the Emirati identification for the resident and passport for the non¬ resident.
A certified copy of the Fellowship or Associateship qualification from the institutes or entities accredited by the Authority set forth in Article (12) herein, proving the validity of the Actuary's membership in the relevant actuarial body that he belongs to.
A declaration that he has never been subject to disciplinary actions by the actuarial society that he belongs to, and by the supervisory authorities that he worked within their jurisdictions.
A certified copy of the academic and professional qualifications.
An official certificate proving that the applicant has never been convicted for an offence involving moral turpitude or trustworthiness along with a declaration that the applicant has never been declared bankrupt or bankrupt and rehabilitated.
An undertaking to comply with the laws, Executive Regulations, Regulations, Instructions and Decisions issued the Authority.
A proof of the payment of the prescribed fees as per the applicable Regulations and Instructions.
Any other documents requested by the Director General.
A corporate person applying for license and registration shall provide the following information and documents:
A certified copy of the memorandum of association and articles of association of the Company.
An authenticated certificate of the Corporate Actuary’s license issued by the financial free zone in the State or by the competent authority of the country of origin, as the case may be.
A copy of the family book, passport, or ID card for each partner in the company.
An undertaking to comply with the laws, Regulations, Instructions and Decisions issued the Authority.
The documents stipulated in sub paragraphs (b), (d), (e), (f) and (i) Paragraph (1) of this Article in any person working in the company and does supporting actuarial tasks.
A proof of the payment of the prescribed fees as per the applicable Regulations and Instructions.
Internal risk management system concerning the quality of reports, internal audit system and a system for not issuing the reports expect until peer review.
An undertaking to satisfy all the licensing conditions upon approving the application, within a period to be determined by the IA, otherwise, the approval shall be considered null and void, and not to commence activities before the IA makes sure that all licensing requirements are met, and an approval of such is granted.