Section 32
ORDERIn forceProvision 32 of 93
Section 32
(1)
No actuary or consulting actuary, as the case may be, shall be appointed by an insurer without the prior approval in writing of the Authority.
(2)
An insurer shall inform the Authority in writing whenever there is a change in the actuary and such change is subject to the written approval of the Authority.
Incorporating amendments until S 1/2016
(Clean copy) NANI/H.AFIF/fiqah _ as of 3rd July 2020
33
BLUV as at 14th January 2016
(3)
Any person who fails to comply with this section shall be guilty of an offence and shall be liable on conviction to a fine not exceeding $10,000.
Regulation of premiums under life policies.