The Actuaries Act, 2006
7. Associates and
fellows. -
1.
The
members of the Institute shall be divided into two classes designated
respectively as associates and fellows.
2.
Any
person other than a person to whom the provisions of sub-section (3) apply,
shall, on his name being entered in the register, be deemed to have become an
associate and as long as his name remains so entered, shall be entitled to use
the letters "AIAI" after his name to indicate that he is an
associate.
3.
Any
person who was a fellow of the Actuarial Society and who is entitled to have
his name entered in the register under clause (a) of sub-section (1) of section
6 shall be entered in the register as a fellow.
4.
Any
person whose name is entered in the register as fellow shall, so long as his
name remains so entered, be entitled to use the letters "FIAI" after
his name to indicate that he is a fellow.