8. Policy owners’ protection scheme
Feedback & supportThe appointed actuary or certifying actuary, as the case may be, of a licensed insurer shall compute and report to the insurer the protected liabilities of the insurer to enable the insurer to comply with a notice by the Authority under section 84(1) of the Deposit Insurance and Policy Owners’ Protection Schemes Act (Cap. 77B) relating to the insurer’s protected liabilities.
In this regulation, “protected liabilities” has the same meaning as in the Deposit Insurance and Policy Owners’ Protection Schemes Act.
Subregulation 1
The appointed actuary or certifying actuary, as the case may be, of a licensed insurer shall compute and report to the insurer the protected liabilities of the insurer to enable the insurer to comply with a notice by the Authority under section 84(1) of the Deposit Insurance and Policy Owners’ Protection Schemes Act (Cap. 77B) relating to the insurer’s protected liabilities.
Subregulation 2
In this regulation, “protected liabilities” has the same meaning as in the Deposit Insurance and Policy Owners’ Protection Schemes Act.