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CHAPTER 5 \\ TERMINATION OF MEMBERSHIP AND DISCIPLINE OF MEMBERS

Article 18. Membership ceases when a member:

18.1 Dies.

18.2 Resigns.

18.3 Is terminated from the member register as under Article 20.

18.4 Fails to pay membership fee.

Article 19. Any member wishing to resign shall notify the Secretary of the Society in writing. The Secretary shall inform the same to the Board of Directors.

Article 20. The Board of Directors may order the termination of member from the Society member register if such member:

20.1 Commits an offence to the extent that he/she is imprisoned by the court's order, except petty offence and offence from negligence.

20.2 Conducts himself/herself in the way that causes damage to the Society. 

20.3 Fails to perform their work in compliance with professional standards and code of professional conduct of the Society of Actuaries of Thailand.

20.4 Has been penalized by the regulator in relation to actuarial practices.

Termination of member from Society member register shall require the votes of two third of existing board directors of the Society at such time.

 

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