Singapore legislation
Regulation 21A
Regulation 21A
Treatment in relation to reinsurance arrangement with subsidiary of insurer
Amended byS 137/2020 wef 31/03/2020
On or after 1 January 2022, where a licensed insurer treats the liabilities in respect of any policy of its insurance business in Singapore as liabilities of, or part of the liabilities of, a subsidiary of the insurer, the insurer may make a deduction in respect of the liabilities, when valuing the liabilities, if the conditions specified in MAS Notice 133 are satisfied.