SCHEDULEInternational Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023
SCHEDULEInternational Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-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, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023 Chapter II REPORTING REQUIREMENTS
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Solvency reporting requires IIOs to file prescribed asset, liability and solvency statements, supported by actuarial certification and reports. IIOs must submit prescribed statements on admissible assets, liabilities, and solvency margin in the applicable forms and schedules, at intervals ... Summary
International Financial Services Centres Authority (Assets, Liabilities, and Solvency Margin of General, Health and Re-Insurance Business) Regulations, 2023
Solvency reporting requires IIOs to file prescribed asset, liability and solvency statements, supported by actuarial certification and reports.
IIOs must submit prescribed statements on admissible assets, liabilities, and solvency margin in the applicable forms and schedules, at intervals specified by the Authority. They must also furnish an Annual Actuarial Report, actuarially certified valuation of assets and liabilities, and computation of solvency margin, together with any further reports directed by the Authority. The requirements apply even where capital is maintained under home country regulations.
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