Powers of Appointed Actuary :

(1) An appointed actuary shall have access to all information or documents in possession, or under control, of the insurer if such access is necessary for the proper and effective performance of the functions and duties of the appointed actuary.

(2) The appointed actuary may seek any information for the purpose of sub-regulation (1) of this regulation from any officer or employee of the insurer.

(3) The appointed actuary shall be entitled, —

(a) to attend all meetings of the management including the directors of the insurer;

(b) to speak and discuss on any matter, at such meeting,–

(i) that relates to the actuarial advice given to the directors;

(ii) that may affect the solvency of the insurer;

(iii) that may affect the ability of the insurer to meet the reasonable expectations of policyholders; or

(iv) on which actuarial advice is necessary;

(c) to attend,–

(i) any meeting of the shareholders or the policyholders of the insurer; or

(ii) any other meeting of members of the insurer at which the insurer’s annual accounts or financial statements are to be considered or at which any matter in connection with the appointed actuary’s duties is discussed.