In forceAmendedAs enactedCurrent version · As enactedSee versions on Singapore Statutes Online(opens the publisher’s site)
Insurance (Valuation and Capital) Regulations 2004 · As enacted · Part V · Recognition and Valuation of Liabilities
21A. Treatment in relation to reinsurance arrangement with subsidiary of insurer
Feedback & supportAmended
Last amended by an amending law of 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.