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The Expo is participated by about 180 exhibitors from various trades, government departments, professional bodies as well as local and overseas educational institutes.
It opens from 10.30 am to 7.30 pm today, 10 am to 7.30 pm tomorrow and on Saturday (February 9 and 10), and 10 am to 6 pm on Sunday (February 11). Admission is free.
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Proposal to acquire an actuary of an insurer endorsed
The Insurance Advisory Committee has endorsed a proposal of the Insurance Authority to require an appointed actuary of an insurer to certify that, in performing his duties, he has complied with the professional guideline issued by the Actuarial Society of Hong Kong.
The Insurance Authority will proceed to consult the relevant parties on the proposal before implementation.
At present, an insurer carrying on long term business is required under the Insurance Companies Ordinance to appoint an actuary to advise on the financial condition of its long term business. The role and duties of an appointed actuary, however, are not defined in the ordinance.
To address this problem, the Insurance Authority proposed that the law should be amended.
The professional guideline, which clearly sets out the role and duties of an appointed actuary, was issued by the Society in 1993 in consultation with the Insurance Authority.
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