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  • Qualified FCR

    • AA-4.3.9

      While the actuary is not required to check the data on which the report is based, he should disclose any material concerns in respect of data accuracy, integrity and sufficiency in the context of the work undertaken.

      Amended: October 2007

    • AA-4.3.10

      If, for whatever reason, the actuary is unable to give an unqualified report, he must inform the CBB as soon as possible.

      Amended: January 2007
      Amended: October 2007

    • AA-4.3.6

      The Directors of the insurance firm must provide the Signing Actuary with the data and information required for the preparation of the actuarial evaluation and report. The insurance firm must advise the Signing Actuary of all known changes in internal methods or procedures that could materially affect the determination of reserves.

    • AA-4.3.7

      Claims development data provided to the Signing Actuary must be reconciled to the accounting information forming the basis of the statutory accounts.