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Home Bare Acts Phrase: actuary Page 1 of about 2 results (0.001 seconds)Insurance Regulatory and Development Authority (Appointed Actuary)regulations, 2000 Complete Act
State: Central
Year: 2000
.....of general insurance business; (iv) a person who has not committed any breach of professional conduct: (v) a person against whom no disciplinary action by the Actuarial Society of India or any other actuarial professional body is pending; (vi) not an appointed actuary of another insurer; (vii) a person who possesses a Certificate of Practice Issued by the Actuarial Society of India; and (viii) not over the age of seventy years. (3) An insurer shall seek the approval of the Authority for the appointment of appointed actuary, submitting the application in Form IRDA-AA-1. (4) The Authority shall within thirty days from the date of receipt of application, either accept or reject the same: Provided that before rejecting the application, the Authority shall give an opportunity of being heard to the insurer. (5) If an insurer does not receive approval within thirty days of the receipt of such application by the Authority, the insurer shall deem that the approval has been granted by the Authority. (6) An insurer, who is unable to appoint an appointed actuary in accordance with sub-regulation (2), shall make an application to the Authority in writing for relaxation of one or more.....
List Judgments citing this sectionInsurance Regulatory and Development Authority (Qualification of Actuary) Regulations, 2004 Complete Act
State: Central
Year: 2004
.....herein shall have the meanings respectively assigned to them in the Insurance Act, 1938 (4 of 1938), or in the Insurance Regulatory and Development Authority Act, 1999 (41 of 1999), or in the Regulations made thereunder. Regulation 3 Qualifications of an actuary An actuary shall be a fellow of the Actuarial Society of India: Provided that where an application is made by any' individual to the Authority and it shown to the satisfaction of the Authority that the employment of such individual having actuarial knowledge for any specified purpose sufficient in order to enable an Indian insurance company or a person to carry out any of its or his obligations under the Act, the Authority may grant the application and permit such individual to sign as actuary for the specified purpose, subject to such conditions and restrictions as the Authority thinks fit to impose. Central Bare Acts
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