INTRODUCTIONInternational Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023
INTRODUCTIONInternational Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023
International Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023 Chapter I INTRODUCTION
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Solvency margin requirements exclude unincorporated insurance offices, while prescribed reporting formats remain mandatory for those offices. Regulation 2 applies the assets, liabilities and solvency margin framework to International Financial Service Centre Insurance Offices undertaking ... Summary
International Financial Services Centres Authority (Registration of Insurance Business) Regulations, 2021
Solvency margin requirements exclude unincorporated insurance offices, while prescribed reporting formats remain mandatory for those offices.
Regulation 2 applies the assets, liabilities and solvency margin framework to International Financial Service Centre Insurance Offices undertaking general, health or re-insurance business. Unincorporated International Financial Service Centre Insurance Offices are excluded from solvency margin and related requirements, but must comply with the related registration requirement. Prescribed reporting formats continue to apply to such unincorporated offices.
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