Identification Section - Contents
For "who made the appointment" I saw in 2019 Spring Q20, "board of directors" was listed as an example, but are there any others?
Also, are there any examples for "affirmation of qualifications"? Are examples the same as an Accepted Actuarial Designation (FCAS, ACAS, FSA)?
Comments
The end of the intro to section 2.1 in COPLFR (just before the start of section 2.1.1) states:
So, technically, the appointment doesn't have to be made by the board of directors specifically, but the appointment is ultimately under the control of the board.
Regarding affirmation of qualifications, the example provided in Chapter 16 of Odomirok just states:
(“P&C”) Annual Statement.
The statement in bold font is the affirmation, which doesn't seem very substantial. The COPLFR text, under bullet point c in the intro to section 2.1 states:
So it seems all that's required is for the AA to affirm their qualifications in a simple statement but also that the required documentation has actually been provided to the board of directors.
thank you! it's nice to know that there shouldn't be any other tricks they can pull on those two points.
One can only hope!