(1) The actuary of a long term insurer is entitled to attend meetings of the directors of the insurer and to speak on a matter being considered at the meeting

(a) that relates to, or may affect the adequacy of the capital of the insurer, its solvency, its reserves or its financial condition,

(b) that relates to advice given by the actuary to the directors, and

(c) that concerns a matter in relation to which the actuary is or will be required to investigate, report on or give advice.

(2) The actuary of a long term insurer is entitled to attend any general meeting of the insurer at which

(a) the insurer's accounts or financial statements are to be considered, or

(b) any matter in connection with the actuary's functions or duties is to be considered, and to speak on the matter being considered at the meeting.