Law library · Sierra Leone · The Insurance Act, 2016
Section 56, The Insurance Act, 2016
Status not yet checkedThe Insurance Act, 2016, Sierra Leone
(1) No person shall carry out the activities of an actuaryunless that person is registered and accredited by a reputable
institution
36 37
Actuarial
reports and
abstracts.
Minimum
basis of
valuation of
liabilities.
Revaluation
of liabilities.
Authentication
of accounts
and abstracts.
Inspection of
documents
and supply of
copies.
Evidence of
documents.
Qualification
of actuaries.
(2) A person who contravenes this section commits an
offence and shall be liable on summary conviction to a fine not
exceeding Le20,000,000.00 or to imprisonment for a term not exceeding
two years or to both such fine and imprisonment.
PART V—INVESTMENTS BY INSURANCE COMPANIES
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