in trofer Cert
M- Home
slip attached called
as
to whom
see
this afternoon
Discussed the Hongkong Life Insurance Co.
HE gave me information such as
that Australians had been starting companies under the Hongkong Company's Order
that several of these would almost certainly break within the next few years
and that the Hongkong Court would have difficulty locally in getting actuarial advice
since Mutual is in China
and the China actuary is the only actuary
His point he wanted to urge was that there ought to be a definition of "actuary" in the Order
and in regulations under it, that the actuary ought to be required to be a British subject
otherwise anybody, a foreigner, could not be proceeded against under $30 outside Hongkong
He was not prepared to agree that the Gods of Hongkong might be expected to refuse to accept a valuation signed by a person who was not a member of a recognised Society of Actuaries
I think that there is point in what he says
We might suggest a "British subject resident in Hongkong"
He was not opposed to standards of solvency, but thought that modern methods should be taken
and not the obsolete table basis under the Order § 24
I think we should take the opportunity of requesting to despatch 0.1.23/10
on 32212/07
whether the error in printers amending RS or not differs Pt. 24 being introduced
in" trofer Cert
M- Home
slip attached called
-
as
to whom
see
this afternoon
Siscussed the #Kong Life Insurance Coś
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gour
information such
me
interesting
that Ausencaus
had been starting companies under the Hongkong Compane's Ordea
them
unsound
very
acturonal advice
marme
working
without
that several of
these would almost certainly break
of within the menf next few years-
sown
& that the Hongkong Court would have
Sufficulty locally
in
getting actuanal advice
suice metreill
Mutual is
in Chuis.
wow
the Churra
of the the only actuary
His The ponit he wanted to
urge was that there ought to be
a
Sefinition of "actuary" in the Orde
in regulations under it a that
the actuary ought to be nquing to be
British subject.
a
could sign
O
it
He was
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xport
otherwise anybody
Actuary foreigner could not be proceeded
against under $30 outside Hongkong.
not prepand to agree that the Gods of Hongkong might be expected to refuse to
valuation signed by a perso accepted a
member of
for recognised not Society of Actuaries
9
think that there is point in
71 would put the
what he
says,
suggestion to the Governor. We might suggest a British subject noident in Hongkong"
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person
He was not opposed to
O
plandars of solvency, but thought that
will known modern
should be läken
the obsolete
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basis anot
the Orge § 24.
a.l
wit shd I think take
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opportunity of requesting
to desp
0.1.23/10
the
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on 32212/07. He aight to
hart hold u
W
whether
a
Chram
whether the error
prinkers
amendiing
RS
or not dif
TIJ Pt. 24
hing introduced.
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ける
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