News Asia05 Jun 2017

India:Regulator terminates actuary's services for underprovisioning

05 Jun 2017

In its first such move against an actuary for omission and commission, IRDAI has ordered the termination of the services of an actuary of state-owned non-life insurer National Insurance Company (NIC) for wrongdoing. In addition, IRDAI will not accept nor recognise the work of the actuary for two years from 1 June 2017, the date of the order.

Archived articles are available to Magazine subscribers only.

If you are already a subscriber

OR sign-up for a trial access here

For Full Access to the magazine SUBSCRIBE here.
CAPTCHA image
Enter the code shown above in the box below.

Note that your comment may be edited or removed in the future, and that your comment may appear alongside the original article on websites other than this one.

 
Error : Object reference not set to an instance of an object.

Recent Comments
Other News

Follow Asia Insurance Review