Primary Actuary definition

Primary Actuary means the Actuary whose Actuarial Advice is being Peer Reviewed in terms of this Explanatory Note.
Sample 1
Primary Actuary means the Actuary whose Actuarial Advice is being reviewed in terms of this Professional Standard. Most commonly, the Primary Actuary for such valuations would be the approved actuary of a general insurer, or the appointed actuary of a life insurer, or the Actuary undertaking the valuation of general insurance liabilities for a self-insurer or accident compensation scheme.
Sample 1
Primary Actuary means the Member whose actuarial advice is being reviewed in terms of this Professional Standard. Most commonly, the Primary Actuary for such valuations would be the appointed actuary of the general insurer, or the Member undertaking the valuation of general insurance liabilities for a self-insurer or accident compensation scheme.
Sample 1

Examples of Primary Actuary in a sentence

  • The ACTUARY will perform an annual review of health cost assumptions and conclusions reported by the Primary Actuary.

  • The Plan Administrator and ARMB coordinate preparation of the actuarial valuation reports with the Primary Actuary on an annual or biennial schedule as required by statute.

  • Draft valuation reports from the Primary Actuary and the ACTUARY are generally scheduled to be reviewed by ARMB at its April meeting, usually held the third week of April.

  • ARMB seeks one qualified actuarial firm (ACTUARY) to perform a review of the process and procedures used by the Primary Actuary in the development of the annual actuarial valuation for PERS, PERS DCR, TRS and TRS DCR, the bi-annual valuation for JRS and NGNMRS, and the actuarial experience study (conducted every four years) for the retirement systems.

  • The ACTUARY will perform a review of procedures and methods used by the Primary Actuary in producing an experience study every four years, and evaluate any recommended changes in actuarial assumptions for valuations of the systems.

  • Alaska Statute requires that all actuarial assumptions prepared by the state actuary [Primary Actuary] be reviewed and certified by a second member of the American Academy of Actuaries before presentation to the Board, and further requires that the Board contract for an independent audit of the Primary Actuary not less than once every four years.

  • The ACTUARY will assess the validity, completeness and appropriateness of the demographic, financial and claims data used by the Primary Actuary, and will assess whether the assumptions and conclusions are reasonable and consistent with generally accepted actuarial standards and are appropriate for the Alaska retirement system’s structure and objectives.

  • The ACTUARY will perform a review of actuarial assumptions, procedures and methods used by the Primary Actuary.

  • Consideration by the Reviewing Actuary of: the sources of data; whether appropriate and sufficient data inputs have been used; the reliability of the data, and any reliances; and that the quality of the data has been checked by the Primary Actuary or the personnel employed to support the Primary Actuary, including appropriate reconciliations.

  • Draft reports from the Primary Actuary and the ACTUARY are generally scheduled to be reviewed by ARMB at its April meeting, usually held the third week of April.


More Definitions of Primary Actuary

Primary Actuary means the Member whose actuarial advice is being reviewed in terms of this Professional Standard. Most commonly, the
Sample 1
Primary Actuary means the Member whose actuarial advice is being reviewed in terms of this Professional Standard.
Sample 1

Related to Primary Actuary

  • Actuary means a person who is a member in good standing of the American academy of actuaries.

  • Appointed actuary means any individual who is appointed or retained in accordance with the requirements set forth in 5.34(5)“c” to provide the actuarial opinion and supporting memorandum as required by Iowa Code section 508.36.

  • External Auditor as used here shall mean any registered public accounting firm engaged for the purpose of preparing or issuing an audit report or performing other audit, review or attest services for the Company. Each such external auditor shall report directly to the Committee. With respect to the external auditor, the Committee shall:

  • Independent living program means a program designed to assist a juvenile to enhance skills and abilities necessary for successful adult living and may include but shall not be limited to minimal direct staff supervision and supportive services in making the arrangements necessary for an appropriate place of residence, completing an education, vocational training, obtaining employment or other similar services;

  • As directed means the direction given by the Engineer In-Charge/Client/ Consultant.

  • Qualified actuary means a member in good standing of the American Academy of Actuaries.

  • Licensed Independent Practitioner means any individual permitted by law and by the Medical Staff and Board to provide care and services without direction or supervision, within the scope of the individual’s license and consistent with individually granted clinical privileges.

  • Independent Fund Trustee means a trustee of the Trust who is not an “interested person” as that term is defined in Section 2(a)(19) of the 1940 Act.

  • Auditor means the person for the time being performing the duties of auditor of the Company (if any).

  • Screening Committee means the State level Screening Committee constituted in terms of sub-rule (2) of rule 123 of these rules.

  • Independent living means a planned program of services designed to assist a child age 16 and over

  • Independent Certified Public Accountant means a person duly registered in good standing and entitled to practice as a certified public accountant under the laws of the place of his residence or principal office and who is in fact independent. In determining whether an accountant is independent with respect to a particular person, appropriate consideration should be given to all relationships between the accountant and that person or any affiliate thereof. Determination of an accountant’s independence shall not be confined to the relationships existing in connection with the filing of reports with the awarding authority.

  • Independent Fiduciary means an independent fiduciary who will serve as a fiduciary to the Plan in accordance with Article 3 that has no relationship or interest in any of the Settling Parties and is mutually agreed to by the Settling Parties.

  • Evaluation Team means the team appointed by the City; “Information Meeting” has the meaning set out in section 2.2;

  • Substance Abuse Professional (SAP) means a qualified person who evaluates employees who have violated a DOT drug and alcohol regulation and makes recommendations concerning education, treatment, follow-up testing, and aftercare.

  • Accountant means the independent certified public accountant or independent certified public accounting firm retained by the Issuer to perform the duties of the Accountant under this Master Indenture.

  • Independent living services means services and activities provided to a child in foster care 14 years

  • Design Criteria Professional means a firm who holds a current certificate of registration under Chapter 481 of the Florida Statutes, to practice architecture or landscape architecture, or a firm who holds a current certificate as a registered engineer under Chapter 471 of the Florida Statutes, to practice engineering, and who is employed by or under contract to the District to provide professional architect services, landscape architect services, or engineering services in connection with the preparation of the Design Criteria Package.

  • Home inspector means an individual who is certified pursuant

  • Independent Accounting Firm has the meaning set forth in Section 2.05(c).

  • Qualified professional means, for the purposes of OAR 411-320- 0080, any of the following licensed professionals trained to make a diagnosis of a specific intellectual or developmental disability:

  • public accountant means a person who is registered or deemed to be registered under the Accountants Act (Cap. 2) as a public accountant;

  • cost accountant means a cost accountant as defined in clause (b) of sub-section (1) of section 2 of the Cost and Works Accountants Act, 1959 (23 of 1959) and who has obtained a certificate of practice under sub-section (1) of section 6 of that Act;

  • Internal Auditor means the person employed or engaged by the Corporation to perform the internal audit function of the Corporation;

  • the Auditors means the auditors from time to time of the company or, in the case of joint auditors, any one of them;

  • Vigilance and Ethics Officer means an officer appointed to receive protected disclosures from whistle blowers, maintaining records thereof, placing the same before the Audit Committee for its disposal and informing the Whistle Blower the result thereof.