Document ID: chunk:federal_register_of_legislation:C2025C00135:section:93
Version: federal_register_of_legislation:C2025C00135
Segment Type: section
Provision Reference: s 93
Character Range: 190702–191544

93  Appointment
 (1) Subject to subsection (2), a life company must have an actuary appointed by the company.
 (2) Within 6 weeks after a person ceases to be the appointed actuary of a life company, the company must appoint another person to be the actuary of the company.
 (3) A life company must not appoint a person as the actuary of the life company unless:
 (a) the life company is reasonably satisfied that the person meets the eligibility criteria set out in the prudential standards for appointment as the actuary of a life company; and
 (b) no order is in force under section 245A that the person is disqualified from being or acting as an actuary of the life company.
 (7) An appointment of a person as actuary of a life company cannot take effect while there is in force an appointment of another person as the company's actuary.