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Insurance Regulatory and Development Authority (Actuarial Report and Abstract) Regulations, 2000 Complete Act

State: Central

Year: 2000

.....Authority Act, 1999 (41 of 1999), or in any rules or regulations made thereunder shall have the meanings respectively assigned to them in those Acts or rules or regulations. Regulation 3 Procedure for Preparation of Actuarial Report and Abstract (1) The Abstract and Statements must be so arranged that tile number and letters of the paragraphs correspond with regulation 4. (2) The Abstracts and Statements shall be furnished to the Authority, within nine months from the end of the period to which they refer to, in accordance with sub-section (1) of Sec. 15 of the Act. (3) Four copies of the Abstracts and Statements shall be furnished to the Authority in accordance with sub-section (1) of Sec. 15 of the Act, and one of the four copies so furnished shall be signed by the persons as mentioned in sub-section (2) Sec. 15 of the Act. (4) There shall be appended to every such Abstract and Statement- (a) a certificate signed by the principal officer that full and accurate particulars of every policy under which there is a liability, either actual or contingent, has been furnished to the appointed actuary for the investigation; and (b) a certificate signed by the appointed.....