The College of Law / University of Karbala is discussing an MA thesis on the legal status of a mathematics expert in the insurance contract
The Faculty of Law at the University of Karbala discussed the master’s thesis tagged: Legal Center for Mathematics Expert in Insurance Contract / Comparative Study, on the hall of the late Dr. Abbas Al-Husseini in the college.
The message was presented by the student Ruaa Abbas Thamer, and the message aims to demonstrate the importance of the role of an expert in insurance mathematics in organizing the work of insurance companies from some aspects related to their financial position. An expert in insurance mathematics, since its inception and appearance, his name has been associated with insurance, especially with regard to the calculation of premiums and the evaluation of the center Financial, whose importance increased after the developments in the insurance field, which, along with technological, social and economic developments, constituted an important factor in the development of the actuarial profession, and the increase in demand for insurance mathematics experts, which forced many countries to regulate it legislatively and academically, such as the American Academy of Actuaries.
The research concluded by arriving at a number of results, the most important of which are: – That for every commitment there is a place and place for the obligation of an insurance mathematician is the experience that he provides in the form of jobs that fall upon him, which he accomplishes by means of a set of measures that, once completed, a set of rights was created for him, the most important of which is the corresponding Financial, as well as that an insurance mathematics expert is exposed during his work with the insurance company to civil and criminal liability for the errors he commits while working for the insurance company, and the commitment of an insurance mathematics expert to insurance companies is not a permanent obligation but a temporary obligation, as it may end in the natural way, which It is represented in the realization of his responsibility, his dismissal, or the expiration of his license period, and it may expire by the exceptional method of either bankruptcy of the insurance company or the death of the expert in fact or judgment or with his resignation.
The letter reached several conclusions, including The issuance of instructions regulating the actuary’s work is not sufficient in reality, but in addition, the Insurance Law No. (10) of 2005 must be amended to comply with these instructions in terms of including articles that contain an appropriate penalty and penalties imposed on Whoever disagrees with it, in line with recent developments and in light of the economic openness and encouragement of investment that the country is witnessing in the current period.
