Obligation to Appoint an Actuary for General Insurance Business
AA-4.1.4
An
insurance firm that carries ongeneral insurance business must commission an actuarial opinion, once every two years, from aRegistered Actuary orSigning Actuary . Theactuary must satisfy the criteria in Paragraphs AA-4.2.1 to AA-4.2.12.Amended: April 2014
Amended: October 2007AA-4.1.5
The Board of the insurance firm carrying out long-term insurance business must commission annually an FCR and an insurance firm carrying out general insurance business must commission an FCR once every two years. A copy of this report must be provided to the CBB.
Amended: April 2014
Amended: October 2007
Amended: January 2007AA-4.1.6
[This Paragraph was deleted in April 2014.]
Deleted: April 2014
Amended: October 2007
Amended: January 2007AA-4.1.7
[This Paragraph was deleted in April 2014.]
Deleted: April 2014
Adopted: January 2007