Regulatory Alerts2006-08-02
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Ordinance No. 31 of 02.08.2006: Actuarial Examinations, Qualification Recognition (Bulgaria and Abroad), Actuarial Certification, and Reporting under the Insurance and Social Security Codes
Ordinance No. 31 of 02.08.2006, issued by the Financial Supervision Commission, establishes the conditions and procedures for conducting examinations and recognizing the qualification of a responsible actuary in Bulgaria, including qualifications obtained abroad or in a Member State. It defines the requirements for higher mathematics coursework, the form of actuarial certification, and the content of actuarial reports and statements under both the Insurance Code and the Social Security Code. The ordinance outlines the application process for admission to examinations, the structure of full and partial actuarial qualifications, and the criteria for refusing qualification recognition.
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