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Application provision

1.1 Unless otherwise stated, this Part applies to a non-directive insurer.

4.1

01/01/2016

A firm must take reasonable steps to ensure that an actuary that it appoints:

  1. (1) does not perform the Chief Executive function;

  2. (2) does not, if he is to perform the With-Profits Actuary function, become a member of the firm's governing body; and

  3. (3) does not perform any other function on behalf of the firm which could give rise to a significant conflict of interest.