1. Where an IORP itself provides cover against biometric risks or guarantees either an investment performance or a given level of benefits, Member States shall require that IORP to provide for an effective actuarial function to:

(a) coordinate and oversee the calculation of technical provisions;

(b) assess the appropriateness of the methodologies and underlying models used in the calculation of technical provisions and the assumptions made for this purpose;

(c) assess the sufficiency and quality of the data used in the calculation of technical provisions;

(d) compare the assumptions underlying the calculation of the technical provisions with the experience;

(e) inform the administrative, management or supervisory body of the IORP of the reliability and adequacy of the calculation of technical provisions;

(f) express an opinion on the overall underwriting policy in the event of the IORP having such a policy;

(g) express an opinion on the adequacy of insurance arrangements in the event of the IORP having such arrangements; and

(h) contribute to the effective implementation of the risk management system.