Section 3: Qualifications of actuaries

Insurance Rules, 1939Central Rules · 1938

Any person signing as actuaryunder the Act shall be a Fellow of the Institute of Actuaries,London, or a Fellow of the Faculty of Actuaries in Scotland or aFellow of Actuarial Society of India:

Provided that where application is made to the Controller ofInsurance and it is shown to his satisfaction that the employment ofan Associate of such institute of actuaries or of such Faculty ofActuaries 6[ or of such Actuarial society] or of any other personhaving actuarial knowledge for any specified purpose is expedient inorder to enable an insurer or a provident society to carry out any ofhis or its obligations under the Act, the Controller of Insurance maygrant the application and permit such person to sign as actuary forthe specified purpose, subject to such conditions and restrictions asthe Controller of Insurance thinks fit to impose.

4. * * * * * Deposits with the Bank

Where this provision sits

Act	Insurance Rules, 1939
Section	3
Marginal note	Qualifications of actuaries
Jurisdiction	Central
Status	In force as published by the source

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