The Actuary must submit his report to both the Insurance Authority, the company’s Board of Directors and management within 15 days from the date of its preparation.
The management of the company must provide the Insurance Authority and the company’s Board of Directors with its views concerning the comments and suggestions contained in the Actuarial Report within 20 working days from the date of its submission.
The company's management shall provide the Insurance Authority with a copy of the company's Board of Directors decision concerning the Actuarial Report within five working days from the date of its issuance.