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.

Reminds all licensed insurers that prior approval from their Chief Executive and/or Board is required before the insurer submits the electronic returns to MAS.

Informs insurers that MAS has issued its response to feedback on the consultation paper on review of insurance returns.

Provides the revised application forms for the appointment of external auditors.

Sets out requirements for captive insurers licensed under the Insurance Act (Cap.142).