Allocation of participating fund
6.—(1)  The appointed actuary of a direct life insurer shall give to the directors of the insurer, for the purpose of section 17(6) of the Act, a written recommendation on the allocation of the participating fund —
(a)to the surplus account; and
(b)by way of bonus to the participating policies.
(2)  The appointed actuary shall, in giving the written recommendation referred to in paragraph (1), take into account the following:
(a)the requirements under section 17(6) of the Act;
(b)fairness and equity among different policies; and
(c)the impact on prospective financial conditions of the fund.