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  • Licensing of Actuarial Services Providers

    • Article 8

      An Actuarial Services Provider licensed in the Kingdom, must meet the requirements of SAMA’s Instructions before commencing activities subject to these Rules.

    • Article 9

      If the Appointed Actuary is not licensed in the Kingdom, the Appointed Actuary has to be an employee, director or partner of an Actuarial Service Provider and the Company must provide required information to obtain SAMA’s statement of non-objection.

    • Article 10

      All Appointed Actuaries who are not Company employees must, either;

      1.Be licensed as an Actuarial Service Provider under Article (8) of these Rules or be a partner, director or employee of an Actuarial Service Provider licensed under Article (8) of these Rules, or be licensed as Qualified Actuary in the Kingdom, or;
       
      2.Be licensed or permitted to provide services of an actuarial nature outside the Kingdom under Article (9) of these Rules.