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  • Duties of the Insurance Firm

    • AA-4.3.11

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

      Amended: April 2014
      Added: October 2007

    • AA-4.3.12

      For general insurance business, claims development data provided to the Registered Actuary or Signing Actuary must be reconciled to the accounting information forming the basis of the statutory accounts.

      Added: October 2007