Statement of Solvency Margin

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....quired Solvency Margin as specified in Form ALSM-L-SM3. (3) 'Control level of Solvency' refers to the specified level of solvency margin to be maintained by the IIO, without prejudice to taking any other remedial measures as deemed fit. The control level of solvency is hereby specified as a minimum solvency ratio of 150%. FORM ALSM-L-SM1 REQUIRED SOLVENCY MARGIN BASED ON MATHEMATICAL RESERVE AND SUM AT RISK As on 31stMarch 20XX Name of I IO: Registration Number: (All amounts in USD mn) Item No. Category of Business Mathematical Reserve before Reinsurance Mathematical Reserve after Reinsurance Sum at Risk before Reinsurance Sum at Risk after Reinsurance Factor A Factor B RSM1 (1) (2....

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....rporated form shall also submit 'FORM ALSM-L-SM1' to the Authority. Provided that the Authority may permit deviation from the above reporting format based on applicable regulatory framework for Parent Entity of an IIO. 6. The Appointed Actuary shall, inter-alia, provide the detailed methodology of computation while submitting to the Authority. Certification We certify that the statement has been prepared in accordance with Schedule-III of the International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023. Name: Place: Chief Financial Officer Appointed Actuary Statutory Auditor Principal Officer FORM ALSM....

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....(IAIS), unless otherwise specified by the Authority * This total shall be equal to the Total Assets excluding Total Inadmissible assets as reflected at (P) in statement ALSM-L-A Certification We certify that the statement has been prepared in accordance with Schedule-III of the International Financial Services Centres Authority (Assets, Liabilities, Solvency Margin and Abstract of Actuarial Report for Life Insurance Business) Regulations, 2023. Name: Place: Chief Financial Officer                             Appointed Actuary Statutory Auditor       &nb....