Actuarial - Law Dictionary Search Results
Home Dictionary Name: actuarialActuary
Actuary, a registrar of a public body. Also a clerk who registers the acts and constitutions of the Lower House of Convocation; or a registrar in a Court Christian. Especially a person skilled in calculating the value of life interests, annuities, and insurances. The (English) Local Government and other Officers' Superannuation Act, 1922 (12 & 13 Geo. 5, c. 59), defines actuary as meaning a fellow of the Institute of Actuaries or the Faculty of Actuaries in Scotland. The Institute of Actuaries was formed in 1848 and incorporated by royal charter on July 29, 1884.An actuary possessing such qualifications as may be by regulations made by authority. [Insurance Act (4 of 1938), s. 2(a)]Means a person skilled in determining the present effects of future contingent events or in finance modelling and risk analysis in different areas of insurance, or calculating the value of life interests and insurance risks, or designing and pricing of policies, working out the benefits, recommending rates r...
actuarial
actuarial 1 : of or relating to actuaries 2 : relating to statistical calculation esp. of life expectancy ac·tu·ar·i·al·ly adv ...
Actuarial Societies
Actuarial Societies, means the Actuarial Society of India registered under the Societies Registration Act, 1860 (21 of 1860) and the Bombay Public Trust Act, 1950 [Bombay Act XXXIX of 1950, s. 2(b)]....
actuary
actuary pl: -ar·ies : a person who calculates insurance and annuity premiums, reserves, and dividends ...
valuation
valuation 1 : the act or process of valuing [actuarial of the assets and liabilities of a state pension fund] ;specif : appraisal of property [ of marital property is a factual finding that will not be upset unless clearly erroneous "Jensen v. Jensen, 458 N.W.2d 391 (1990)"] 2 : the estimated or determined value (as market value) of a thing [the total assessed of property in the district] ...
Fellow
Fellow, 'Fellow' means a Fellow Member of the Institute. [Company Secretaries Act, 1980 (56 of 1980), s. 2(1) (f)]Means a fellow member of the Institute, Actuaries Act, 2006, s. 2(g)....
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