Accreditation of Actuaries
SEC-BED Memorandum Circular No. 02-91 • Securities and Exchange Commission Departments • Markets and Securities Regulation Department (MSRD) • Apr 12, 1991
Full text
April 12, 1991 SEC-BED * MEMORANDUM CIRCULAR NO. 02-91 TO : All Pre-Need Companies RE : Accreditation of Actuaries For the information and guidance of all concerned, the Commission in its meeting of April 10, 1991 has mandated that all actuaries employed/retained by pre-need companies shall be required to be accredited by the Commission upon proper application. No actuary may be accredited unless he is a Fellow of good standing of the Actuarial Society of the Philippines and his application duly endorsed by it. Accreditation shall be renewed annually. Henceforth, the Commission shall not process/take action on any and all documents which require opinion of an actuary unless he has been duly accredited as such by the Commission. This memorandum shall take effect immediately. (SGD.) ROSARIO N. LOPEZ Chairman
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