Termination of the Appointed Actuary:
| 1. | A Company must inform SAMA of any resignation, dismissal, cancellation or termination of its Appointed Actuary and the reasons for this within (5) calendar days of it taking effect.
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| 2. | If the Appointed Actuary is an employee of the Company, the role of the Appointed Actuary at the Company shall end in any of the following cases:
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| | a. | Resignation or dismissal of the Appointed Actuary.
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| | b. | Cancellation or termination of the contract governing the employment the Appointed Actuary.
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| 3. | If the Appointed Actuary is not an employee of the Company the role of the Appointed Actuary shall end in any of the following cases:
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| | a. | Resignation or dismissal of the Appointed Actuary by the Actuarial Services Provider in the Kingdom of which they are a partner, director or employee. In case of dismissal SAMA shall be notified of the reason(s) for the dismissal by the Actuarial Services Provider within (5) calendar days of it taking effect, and where the Actuarial Service Provider is outside the Kingdom, the Company must notify SAMA within (5) calendar days of it taking its effect.
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| | b. | Upon the expiry, cancellation or termination of the contract governing the provision of Actuarial Services.
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