https://www.taxtmi.com/notifications?id=147007 International Financial Service Centre Insurance Offices undertaking life insurance business must submit prescribed statements of admissible assets, liabilities and solvency margin, together with an annual actuarial report, an asset-and-liability valuation certified by the Appointed Actuary, and a certified solvency computation. Mathematical reserves must ordinarily be determined policy by policy through Gross Premium Valuation using prudent assumptions and an appropriate Margin for Adverse Deviations. Available Solvency Margin is measured against reserve-and-sum-at-risk and investment-risk required margins, and the control level requires a minimum solvency ratio of 150%. en-us Wed, 19 Apr 2023 00:00:00 +0530 Mon, 21 Sep 2026 15:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=147007 International Financial Service Centre Insurance Offices undertaking life insurance business must submit prescribed statements of admissible assets, liabilities and solvency margin, together with an annual actuarial report, an asset-and-liability valuation certified by the Appointed Actuary, and a certified solvency computation. Mathematical reserves must ordinarily be determined policy by policy through Gross Premium Valuation using prudent assumptions and an appropriate Margin for Adverse Deviations. Available Solvency Margin is measured against reserve-and-sum-at-risk and investment-risk required margins, and the control level requires a minimum solvency ratio of 150%. Notifications Indian Laws Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/notifications?id=147007