The Authority reconstitutes the committee consisting of senior actuaries to go through statements, documents etc. relied by the Appointed Actuaries in the course of their work to satisfy the Authority whether the appointed actuaries have carried out the requirements of the regulations made by it. This committee will, in addition to the formats prescribed by the Appointed Actuary Regulations made by the Authority, design, formulate its own method of satisfying itself about the quality of work of Appointed Actuaries. In pursuance of this, the Authority hereby appoints the committee which will consist of the following persons:

1. Shri P A Balasubramanian, Member (Actuary), IRDA
2. Shri K P Narasimhan
3. Shri N M Govardhan

The Committee, in consultation with the Authority, is authorised to engage such other consultants and actuaries in the course of its work as it considers necessary from time to time.

Mr K Subrahmanyam, Executive Director (Life Insurance and Actuarial), IRDA will act as the convener of the committee.

This circular supercedes our earlier circular dated 29th May, 2002.



(C.S. Rao)
Chairman