Section 34 in Insurance Regulatory and Development Authority of India (Non-Linked Insurance Products) Regulations, 2019
34. With Profit Committee.
- (i) The With Profit committee shall be constituted with at least the following members: One Independent Director of the Board, the CEO, the CFO, the Appointed Actuary and an Independent Actuary.(ii)The Independent Actuary on the With Profit Committee:(a)shall be a Fellow member of Institute of Actuaries of India (IAI)(b)shall have passed specialization subject in life insurance or equivalent. For the purpose of specialization subject,
