Insurance Companies General Business Valuation Regulation
Circular on fraud prevention measures for labuan insurers and insurance related companies.
Insurance companies general business valuation regulation. To print the whole chapter in html please click at the bottom of the toc panel and then click please set the page orientation to landscape for printing of bilingual texts on a single page. Insurers and insurance brokers are licensed and governed under the insurance act find out about the different types of insurance entities and their licensing requirements. Insurance valuation and capital regulations 2004. This section describes the business of insurance.
The primary activities and organization of insurance companies subsection 1 1 the products and services offered by insurance companies 1 2 distribution channels 1 3 competition 1 4 regulation 1 5 taxation 1 6 and risks and risk management. 6 of 2007 on establishment of the insurance authority and organization of the insurance operations and its amendments. 2 of 2009 related to the issuance of the executive regulation of. G insurance companies general business valuation regulation amendment rules 2017.
And solvency capital requirement has the meaning given in section 12 1 b of the act and as referred to in the insurance long term business valuation. 1 1 the insurance companies general business valuation regulation regulation has been introduced recently. Clarification note for guidelines on valuation basis for liabilities of labuan general and life insurance business. It may be revised or.
It is divided into seven subsections. S 137 2020 wef 31 03 2020 deleted by s 137 2020 wef 31 03 2020. This guidance note is prepared to assist insurers and their auditors in interpreting and applying the provisions of the regulation in the valuation of assets and liabilities of insurers. For the list of insurers and insurance brokers in singapore see the financial institutions directory.
Sets out requirements for carrying on financial guarantee insurance business as a direct insurer licensed under the insurance act cap. Regulation 3 insurance regulations 2018 page 6 sd no. Licensing authorisation and registration valuation and capital general provisions exemptions financial returns. And h insurance companies actuaries standards regulation amendment rules 2017.
Of the act for general business. 2018 0192 c minimum capital requirement has the meaning given in section 12 1 a of the act and as referred to in the insurance long term business valuation and solvency regulations 20181.
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