Actuary's Obligations. Actuary represents and warrants that it has implemented necessary procedures to help assure that no actual conflict of interest arises during the term of this Agreement with respect to its provision of the Actuarial Work, and that Actuary shall at all times discharge its duties in a manner consistent with the Standard of Care it owes to LACERA. Actuary agrees to notify LACERA in writing within ten business days of Actuary’s actual knowledge of any happenings that render this representation untrue or inaccurate during the term of this Agreement. Actuary will establish an ethical wall between Actuary's Agents providing service under this Agreement and Actuary's Agents providing service to LACERA under any separate agreement, will maintain logical separation in the electronic systems intended to restrict access to LACERA information and documents to such Agents and will take such other steps as LACERA reasonably requests to mitigate any actual or perceived conflict of interest. In addition, Actuary will maintain hard copies of LACERA information and documents in its possession in a secure manner intended to restrict access to LACERA information and documents to such Agents. Upon written request by XXXXXX, Actuary shall furnish LACERA with a written statement of disclosure of any actual or potential conflicts of interest, including but not limited to, a statement of economic interests.
Actuary's Obligations. The Actuary shall incur no further obligations in connection with the terminated work and on the date set in the notice of termination, the Actuary will stop work to the extent specified. The Actuary shall also terminate outstanding orders and subcontracts as they relate to the terminated work. The Actuary shall settle the liabilities and claims arising out of the termination of subcontractors and orders connected with the terminated work. The Plan may direct the Actuary to assign the Actuary’s right, title and interest under terminated orders or subcontracts to the County. The Actuary must still complete the work not terminated by the notice of termination and may incur obligations as are necessary to do so.
