ID 14/18 Review of Insurance Returns and Amendments to Insurance (Valuation and Capital) Regulations 2004
Informs all licensed insurers of the review of insurance returns and the regulations that have been issued or amended to move the existing reporting requirements from subsidiary legislations to notices.
Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.
Applies to all licensed insurers, except for captive insurers, marine mutual insurers and Special Purpose Reinsurance Vehicles. It sets out the requirements for insurers to submit returns to MAS.