 Members of the society
Members of the Society
Art. 8. The Society has full and associated members.
Art. 9. An associated member of the Society can be any physical person, who works and contributes to the actuarial profession and accepts the By-laws, the ethical and professional norms of the Society. The associated members enjoy only the rights, envisaged in these By-laws.
Art. 10. (1) A full member of the Society can be any person, who meets the conditions under the preceding Article, who has no less than two years of professional experience as an actuary and who has covered a qualification minimum, according to the professional requirements for qualification of actuaries, adopted by the General Meeting of the Society.
(2) Qualification pursuant to the preceding paragraph is proved by submission of the respective documents for exams passed, covering the said minimum, according to the professional requirements for qualification of actuaries.
(3) (new paragraph added with a resolution of the General Meeting held on July 12, 2005) A full member of the Society who has fulfilled the professional requirements as per Paragraph 1 and who has not less than three years of professional experience as an actuary is referred to as a qualified actuary.
Admission of new members
Art. 11. (1) Applications for membership shall be accepted throughout the year.
(2) Admission of new members shall be carried out by resolution of the General Meeting, following a motion of the Board of Managers.
Art. 12. (1) The procedure for admission of a new member of the Society shall be opened following a written application, submitted to the Board of Managers, which shall state the type of membership required. The candidate shall also attach a declaration that he/she accepts and will abide by the By-laws and the other internal documents of the Society.
(2) Applicants for associated membership shall also attach documents, certifying fulfilment of the conditions under Art. 9 above.
(3) Applicants for full membership shall also attach documents, certifying fulfilment of the conditions under Art. 9 and Art. 10 above.
Art. 13. (1) Within one week from depositing the application for membership, completed according to the provisions of the preceding Article, the Board of Managers shall submit it to the Qualifications’ Commission, which shall examine the documents and shall submit its motivated opinion to the Board of Managers within one month.
(2) The Board of Managers shall present the approved application for membership, together with the motivated opinion of the Qualifications’ Commission at the first regular General Meeting for making decision in respect of the candidate’s membership.
(3) The Board of Managers shall notify the applicant about the decision on his/her membership in the Society within seven days from the date of the resolution of the General Meeting and, respectively, of the opinion of the Qualifications’ Commission.
Termination of membership
Art. 14. (1) Membership in the Society shall be terminated:
1. by unilateral written expression of will made to the Society, submitted to the Board of Managers no less than 1 (one) month prior to termination. Within the said one month period the person, requiring termination of his/her membership, shall be obligated to fulfil any and all of its obligations to the Society;
2. in the event of death or placing under full injunction;
3. in the event of expulsion;
4. in the event of dropping out.
Art. 15. (1) (amended with a resolution of the General Meeting held on July 13, 2004) Expulsion of a member of the Society shall be effected following resolution of the General Meeting, adhering to the procedure, provided for in the Disciplinary Regulation, in the events where the respective member:
1. has failed to adhere to his obligation of a member of the Society in accordance with these By-laws and the resolutions of the General Meeting of the Society;
2. violates the professional standards and ethical norms of the Society;
3. acts in a manner, which lowers the Society’s prestige.
(2) (amended with a resolution of the General Meeting held on July 13, 2004) Each and every member of the Society or any other interested person may lodge, via the Board of Managers, a petition with motion a certain member of the Society to be expelled. Such petition shall be examined in accordance with the procedure provided for in the Disciplinary Regulation of the Society.
(3) (revoked with a resolution of the General Meeting held on July 13, 2004)
(4) (amended with a resolution of the General Meeting held on July 13, 2004) Sanctions provided for in the Disciplinary Regulation shall be imposed in the events of minor violations committed by any member of the Society.
Art. 16. (1) Any member of the Society shall drop out of membership if he/she fails to pay the affiliation fee, the annual membership fee and/or additional instalments within the period, determined by the General Meeting.
(2) A drop-out shall be established by resolution of the Board of Managers. The respective member shall be deemed as having lost his/her membership rights as from the date of the findings of the Board of Managers.
(3) In any event of established drop-outs, the respective member should be notified in writing in respect of the decision of the Board of Managers. The drop-out member is entitled to a written protest against the grounds of the established drop-out and in such case the Board of Managers shall be obligated to include in the agenda of the General Meeting’s next session a discussion of the issue related to the respective member of the Society’s drop-out. The decision of the General Meeting in respect of any Society’s member’s drop-out shall be final.
Art. 17. In all cases of termination of membership the Society shall not reimburse any amounts paid for affiliation fee, annual membership fee and/or additional pecuniary instalments.
Rights and obligations of the members
Art. 18. Every full member or associated member shall enjoy the right to:
1. participate in its activity and benefit from its results;
2. request and receive information on the progress of the Society’s activity and its financial state;
3. get acquainted with the contents of the decisions made by the Society’s bodies, to inspect and receive copies of the Minutes in which such are reflected;
4. have the benefits of preferences according to a procedure, determined by the Board of Managers, when making use of services rendered by the Society and for participation in conferences, seminars, workshops and other similar events, organised by the Society;
5. raise related to his/her activity issues for consideration and assistance in solving them, as well as to receive methodical and professional help;
6. make use of the information received by the Society and to use, free of charge, the Society’s library fund;
7. propose amendments or supplements to the By-laws or changes to the Society’s organization of work.
Art. 19. Apart from the rights ensuing from the preceding paragraph, each and every full member of the Society shall also be entitled to:
1. participate in the managing, supervisory and other bodies of the Society;
2. exercise control on the activities of the Society’s bodies.
Art. 20. Every member of the Society shall be obligated to:
1. adhere to the By-laws and abide by the decisions of the Society’s bodies;
2. pay affiliation fee in the amount and time limits, determined by the General Meeting;
3. pay membership fee in the amount and time limits, determined by the General Meeting;
4. pay additional instalments, determined by the General Meeting;
5. (amended with a resolution of the General Meeting held on July 13, 2004) observe the Professional Ethics Code, the Disciplinary Regulation and the other internal acts of the Society;
6. actively participate in the Society’s activity and render assistance for its recognition;
7. safeguard the Society’s reputation and never take any action that may harm the Society’s and/or its members’ interests;
8. not use his/her membership in the Society for gaining any objectives, which contradict the By-laws and/or the Society’s and/or its members’ interests;
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