106Appointment

106 Appointment

(1) Subject to subsection (2), a private health insurer must have an actuary appointed by the insurer. (2) Within 6 weeks after a person ceases to be the appointed actuary of a private health insurer, the insurer must appoint another person to be the actuary of the insurer. (3) A private health insurer must not appoint a person as the actuary of the insurer unless the insurer is satisfied that the person meets the eligibility criteria set out in prudential standards for appointment as the actuary of a private health insurer. (4) A private health insurer must not appoint a person as the actuary of the insurer if: (a) the person is disqualified from being or acting as an actuary of the private health insurer because of an order under section 120; or (b) the person is a disqualified person (other than only because of an order under section 120). (5) An appointment of a person as actuary of a private health insurer cannot take effect while there is in force an appointment of another person as the actuary of the insurer.