International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023
Schedule - I - refer clause (a) of sub-regulation (1) of regulation 5
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023 Schedules SCH SCHEDULE
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Admissible asset valuation requires specified unrealisable and non-financial assets to be excluded before calculating life insurer solvency. Specified unrealisable, non-financial and other prescribed assets must be assigned a zero value when determining admissible assets for life insurance ... Summary
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business)...
International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business)...
Admissible asset valuation requires specified unrealisable and non-financial assets to be excluded before calculating life insurer solvency.
Specified unrealisable, non-financial and other prescribed assets must be assigned a zero value when determining admissible assets for life insurance solvency purposes. An IIO must prepare Form ALSM-L-A using audited balance-sheet values, separately identifying policyholders', shareholders' and total assets. Inadmissible investment, fixed and current assets, together with the fair value change account subject to a minimum of zero, are deducted before current liabilities and provisions are deducted to calculate total admissible assets for solvency.
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