Objectives
Article 4
The objectives of these Rules are to regulate the following:
1. Minimum standards for the licensing of Actuarial Services Providers.
2. Minimum standards of actuarial work within the Kingdom.
3. Minimum standards for the role and responsibilities of Appointed Actuaries, and procedures for their appointment.
4. Minimum standards for the Actuarial Function of Insurance and/or Reinsurance companies within the Kingdom, and where relevant, the Head of Actuarial Function.
5. Responsibilities of the Company, Board of Directors and Senior Management in respect of the Appointed Actuary and Actuarial Function’s work.