Regulatory Alerts2026-01-01
Insurance (Actuaries) (General Insurance) Regulations 2002
The Financial Services Commission of Jamaica issued these regulations to establish statutory requirements for appointed actuaries in general insurance companies. The rules mandate strict conflict of interest protocols, define actuarial liabilities and reserves, and prescribe specific methodologies for determining claims and policy liabilities. Actuaries are required to ensure data accuracy, adhere to generally accepted accounting principles, and submit detailed reports to the Commission regarding financial solvency and adverse conditions.
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