unless there is anything repugnant in the subject or context,-- (1) "actuary" means an actuary as defined in clause (a) of sub-section ... section 2 of the Actuaries Act, 2006 (35 of 2006); (1A) "Authority" means the Insurance Regulatory and Development Authority of India established under sub-section
also forward a copy of their report to the Central Government. 26. Actuarial valuations. -
The Corporation shall, [every year], cause an investigation to be made ... actuaries into the financial condition of the [life insurance business of the Corporation, including a valuation of the liabilities of the Corporation in respect thereto
Actuaries Act, 2006
UNION OF INDIA
India
The Actuaries Act, 2006
Act 35 of 2006
Published on 27 August 2006
Commenced on 27 August ... document is not available and this content could not be verified.]
The Actuaries Act, 2006 (35 OF 2006) 227.
Statement of Objects and Reasons
these rules have the meanings respectively assigned to them in the Act. Actuaries 3. Qualifications of actuaries
.-Any person signing as actuary under ... shall be a Fellow of the Institute of Actuaries, London, or a Fellow of the Faculty of Actuaries in Scotland [or a Fellow
policy benefit amount and specific claims settlement costs, wherever applicable. 5. Actuarial Valuation - Liability for Life Policies. - The estimation of liability against life policies shall ... determined by the appointed actuary of the insurer pursuant to his annual investigation of the life insurance business. Actuarial assumptions are to be disclosed
Insurance Regulatory And Development Authority (Actuarial Report And Abstract) Regulations, 2000
UNION OF INDIA
India
The Insurance Regulatory And Development Authority (Actuarial Report And Abstract ... Regulations, 2000
Rule THE-INSURANCE-REGULATORY-AND-DEVELOPMENT-AUTHORITY-ACTUARIAL-REPORT-AND-ABSTRACT-REGULATIONS-2000 of 2000
Published on 14 July 2000
Commenced
Products.
- Par products shall be as defined in the IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016 and can be offered only ... products.
- Non par products shall be as defined in the IRDAI (Actuarial Report and Abstract for Life Insurance Business) Regulations, 2016. These products, namely, individual
Actuaries (Election To The Council) Rules, 2008
UNION OF INDIA
India
The Actuaries (Election To The Council) Rules, 2008
Rule THE-ACTUARIES-ELECTION ... document is not available and this content could not be verified.]
The Actuaries (Election To The Council) Rules, 2008 Published vide
accordance with these regulations and the Insurance Regulatory and Development Authority (Actuarial Report and Abstract) Regulations, 2000: Provided that if the appointed actuary ... total business transacted by the insurer. 9. Personal visit of appointed actuary to the authority
.-The Authority may, if considered necessary and expedient
expenses which are directly attributable to a specific claim; (c) 'Appointed Actuary' shall have the same meaning as assigned to it under clause ... regulation 3 of the International Financial Services Centres Authority (Appointed Actuary) Regulations, 2022; (d) 'Authority' means the International Financial Services Centres Authority established under subsection
