SCHEDULEInternational Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023
SCHEDULEInternational Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023
Regulation 5 - An IIO shall prepare and submit to the Authority the following statements...
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023 Chapter II REPORTING REQUIREMENTS
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Life insurance solvency reporting requires asset, liability and margin statements, supported by actuarial certification and annual reporting. An IIO must submit, at specified periodicity, prescribed statements of admissible assets, liabilities and solvency margin. It must also submit an annual ... Summary
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business)...
Life insurance solvency reporting requires asset, liability and margin statements, supported by actuarial certification and annual reporting.
An IIO must submit, at specified periodicity, prescribed statements of admissible assets, liabilities and solvency margin. It must also submit an annual actuarial report prepared by the Appointed Actuary, together with valuation of assets and liabilities and solvency-margin computation certified by that actuary. Further reports may be directed by the Authority, and the obligations apply even where capital is maintained under home-country regulations.
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