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Insurance Act

(Chapter 142, Section 64)

Insurance (Actuaries) Regulations

Rg 5

G.N. No. S 20/2002

REVISED EDITION 2004

(29th February 2004)

[8th January 2002]

Citation

1. These Regulations may be cited as the Insurance (Actuaries) Regulations.

Actuaries in general

2. Any person who is a Fellow of any of the institutes specified in the First Schedule shall be an actuary for the purposes of the Act other than section 37 of the Act.

Actuaries in respect of section 37 of Act

3.—(1) For the purposes of section 37 of the Act, the Authority may approve —

(a)	any person who is a Fellow of any of the institutes specified in the First Schedule as an actuary for the purposes of any investigation referred to in section 37(1)(a) of the Act; and
(b)	any person who is a Fellow of any of the institutes specified in the Second Schedule as an actuary for the purposes of any investigation referred to in section 37(1)(b) of the Act.

(2) Nothing in paragraph (1) shall prevent the Authority from approving any other person as an actuary for the purposes of section 37 of the Act.