Term
Definition
Letter: A
actuarial body
the Institute of Actuaries or theFaculty of Actuaries.
- 01/12/2004
actuarial function
controlled function
CF12 in the
table of controlled functions, described more fully in SUP 4.3.13 R and
SUP 10.7.17 R
.
- 31/12/2004
actuarial health insurance
(1) (in LLD) the type of insurance defined in LLD 11.4.1 R, which is in summary: general insurance business which is sickness insurance and satisfies certain specified conditions.(2) (in PRU) (in the context of the rules in PRU 7.2 concerning the calculation of the general insurance capital requirement), health insurance which meets all the conditions set out in PRU 7.2.72 R.
- 31/12/2004
actuarial investigation
an investigation to which IPRU-INS rule 9.4 applies.
- 31/12/2004
actuarial valuation date
(in PRU) the date as at which the mathematical reserves are calculated.
- 31/12/2004