Wortformen:(plural) appointed actuaries
( Insurance : Life insurance )
The proposed revisions required an appointed actuary to produce a report attesting to the fact that a company had booked reserves satisfying
the minimum reserve requirements.
The appointed actuary is required to produce a report attesting to the fact that a company has created
reserves satisfying the minimum reserve requirements.
An appointed actuary is an actuary appointed by a life insurance company, whose main role is to carry
out a regular valuation of the reserves held to pay future policy benefits.
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