Approved actuary definition

Approved actuary means a person who is regularly engaged in the business of providing actuarial services and who is a fellow in the Society of Actuaries.

Approved actuary means an individual approved by the Authority under section 26(3);6

Approved actuary means an actuarial firm which:

Examples of Approved actuary in a sentence

• The approved actuary for the insurer must annually carry out an investigation to enable him or her to prepare a report about the insurer’s financial condition (a financial condition report).Note Approved actuary is defined in the glossary.

• In a similar vein, the draft prudential standards on fit and proper disallow a person from being appointed as both the Approved auditor and Approved actuary of an insurer.

• For general insurers, section 9 of Guidance Note GGN 220.1 Governance requires that ‘the Board must provide the Approved auditor and Approved actuary of the insurer with the opportunity to raise matters directly with the Board.

• Approved actuary" means a person who is regularly engaged in the business of providing actuarial services and who has at least 15 years of service to major public employee pension or retirement funds or who is a fellow in the society of actuaries.

More Definitions of Approved actuary

Approved actuary means a person who is regularly engaged in the business of providing actuarial services and who has at least 15 years of service to major public employee pension or retirement funds or who is a fellow in the Society of Actuaries.

Approved actuary means an actuary approved by the Authority to conduct an investigation into the liabilities of a registered insurer in respect of policies under section 37(1)(b) of the Act;

Approved actuary means a person approved by the Central Bank from time to time;.

Approved actuary means Xxxxx Xxxx of Xxxxxx Xxxxxx Xxxxxx Bermuda; BMA means the Bermuda Monetary Authority;

Approved actuary means Xxxxxxx Du Preez of KPMG Bermuda; Asset or Assets means any assets, property, rights or powers of any kind or description, wherever located, whether real, personal or mixed, tangible or intangible, present or future, actual or contingent, that are owned, leased or licensed including all rights, benefits and powers under any Contract and all rights, claims and powers against any third party; BIC means Bupa Insurance Company; BIC Guarantee means any guarantee by BIC of the Liabilities of the Transferor under an Insurance Policy or Insurance Policies; BMA means the Bermuda Monetary Authority; BMA no-objection means the no-objection provided by the BMA to this Scheme of Transfer pursuant to section 30JB of the Act; Contract means any written contract, commitment, agreement, indenture, note, bond, mortgage, loan, instrument, lease or license; Court means the Supreme Court of Bermuda; Deed of Guarantee means any deed by execution of which AmFirst Holdings, Inc. irrevocably assumes, with effect at and from the Effective Date, secondary liability as surety for the obligations of the Transferee under the Transferring Guaranteed Policies. Effective Date means the time and date when this Scheme of Transfer shall become operative in accordance with section 18; Encumbrance means any charge, mortgage, pledge, security assignment, lien, option, restriction, right of first refusal, right of pre-emption, third party right or interest, any other encumbrance or security interest of any kind and any other type of preferential arrangement (including, without limitation, title transfer and retention agreements) having a similar effect;

Approved actuary means a person who is regularly engaged in the business of providing actuarial services and who h––a–s–––a–t–––l–e–a–s–t–––1–5–––y–e–a–r–s–––o–f–––s–e–r–v–i–c–e–––t–o––m– –a–j–o–r–––p–u–b–l–i–c–––em– –p–l–o–y–e–e–––p–e–n–s–i–o–n–––o–r

Approved actuary means an actuary approved by the Committee on the recommendation of the Treasury;