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  • AU-4 AU-4 Registration Conditions

    • AU-4.1 AU-4.1 Condition 1: Relevant Expertise

      • AU-4.1.1

        Actuaries and loss adjusters seeking registration must satisfy the CBB that they have relevant expertise and qualifications. They must hold appropriate professional qualifications from a relevant, recognised professional body.

        Amended: July 2023
        Amended: October 2009
        Amended: July 2007

      • AU-4.1.2

        For actuaries, all Fellows (or members of equivalent status) in good standing of the Society of Actuaries (USA), the Institute and Faculty of Actuaries (UK) or the American Academy of Actuaries or any other similar body with mutually reciprocal licensing arrangements with any of these bodies, will satisfy the requirement in Paragraph AU-4.1.1.

        Amended: July 2007

      • AU-4.1.2A

        For loss adjusters, all Fellows (or members of equivalent status) in good standing of the Chartered Institute of Loss Adjusters (CILA), the European Federation of Loss Adjusting Experts (FUEDI), the National Association of Independent Insurance Adjusters (NAIIA) or the Canadian Independent Adjusters' Association (CIAA) or any other similar body with mutually reciprocal licensing arrangements with any of these bodies, will satisfy the requirements in Paragraph AU-4.1.1.

        Added: April 2010

      • AU-4.1.3

        In the case of corporate persons wishing to provide actuarial or loss adjuster services, the CBB expects management and other staff collectively to have sufficient appropriate professional qualifications to ensure a professional level of service.

        Amended: July 2007

      • AU-4.1.4

        The above requirement does not oblige actuaries or loss adjusters to be residents of the Kingdom of Bahrain, in order to be registered by the CBB. Non-resident actuaries and loss adjusters wishing to practice in Bahrain may seek registration on the same basis as resident actuaries and loss adjusters.

        Amended: July 2007

      • AU-4.1.5

        [This Paragraph was deleted in July 2023].

        Deleted: July 2023
        Adopted: October 2009

      • AU-4.1.6

        [This Paragraph was deleted in July 2023].

        Deleted: July 2023
        Adopted: October 2009

      • AU-4.1.7

        [This Paragraph was deleted in July 2023].

        Deleted: July 2023
        Adopted: October 2009

    • AU-4.2 AU-4.2 Condition 2: General Suitability

      • AU-4.2.1

        Actuaries and loss adjusters seeking registration must satisfy the CBB that the proposed registrants are generally suitable to operate as such.

        Amended: July 2023
        Amended: October 2009
        Amended: July 2007

      • AU-4.2.2

        In the case of natural persons, the CBB will have regard to the fitness and propriety, of the proposed registrant using the Rules and Guidance contained in Section AU-3.1.

        Amended: January 2016
        Amended: October 2009
        Amended: October 2007
        Amended: July 2007

      • AU-4.2.3

        In the case of corporate persons, the CBB will have regard to the corporation's reputation, financial soundness, and business conduct. The CBB will also review closely linked entities against the same criteria, using the definition of close links contained in Module GR.

        Amended: July 2007