Commonwealth Numbered Acts Commonwealth Numbered Acts(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 insurer's actuary.
(3) A person must not hold an appointment as actuary of a private health insurer unless the person is eligible for such an appointment.
(4) A private health insurer may, in writing, ask the Council to approve the appointment of a specified person as the insurer's actuary.
(5) The Council may, in writing, approve the appointment of a person as actuary of a private health insurer if the Council is satisfied that the person has actuarial qualifications and experience that fit him or her to perform the functions of the insurer's * appointed actuary.
Note: Refusals to give approval are reviewable under Part 6‑9.
(6) 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 insurer's actuary.