https://www.taxtmi.com/acts?id=55628 Technical reserves must be valued separately for each line of business and comprise premium reserves and claims reserves. Premium reserves include UPR, PDR and their aggregate, URR; claims reserves comprise OCR and IBNR. Known outstanding claims require full provision, while estimated claims may be valued case by case or, where appropriate, through actuarially certified statistical methods. Insurers must also value specified other liabilities and submit Form ALSM-GI-L showing gross and net reserves. The statement requires certifications by the Statutory Auditor, Appointed Actuary, Principal Officer and Chief Financial Officer. en-us Mon, 21 Sep 2026 16:41:26 +0530 Mon, 21 Sep 2026 17:59:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55628 Technical reserves must be valued separately for each line of business and comprise premium reserves and claims reserves. Premium reserves include UPR, PDR and their aggregate, URR; claims reserves comprise OCR and IBNR. Known outstanding claims require full provision, while estimated claims may be valued case by case or, where appropriate, through actuarially certified statistical methods. Insurers must also value specified other liabilities and submit Form ALSM-GI-L showing gross and net reserves. The statement requires certifications by the Statutory Auditor, Appointed Actuary, Principal Officer and Chief Financial Officer. Act-Rules Indian Laws Mon, 21 Sep 2026 16:41:26 +0530 https://www.taxtmi.com/acts?id=55628