Regulatory Alerts2006-08-02
Added · Updated
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.
ORDINANCE No. 31 of 02.08.2006 on the conditions and procedure for conducting an examination and for recognizing the qualification of a responsible actuary, for recognizing qualifications acquired outside the Republic of Bulgaria, for the form of the actuarial certification, the form and content of the actuarial report and the statements under the Insurance Code, which the responsible actuary certifies, as well as for the form and mandatory content of the annual actuarial report under the Social Security Code (Title amended - SG, No. 66 of 2013, in force from 09.09.2013; amended, No. 83 of 2018, in force from 19.11.2018) Promulgated - SG, No. 71 of 01.09.2006; amended and supplemented, No. 51 of 03.06.2008; amended and supplemented, No. 66 of 26.07.2013, in force from 09.09.2013; amended and supplemented, No. 54 of 01.07.2014; amended, No. 38 of 20.05.2016, in force from 20.05.2016; amended, No. 6 of 19.01.2017, in force from 19.01.2017; amended and supplemented, No. 83 of 09.10.2018, in force from 09.10.2018; amended and supplemented, No. 41 of 21.05.2019; amended and supplemented, No. 81 of 15.09.2020; amended, No. 48 of 08.