Singapore legislation
Regulation 10
Regulation 10
Returns to be lodged by registered insurance brokers
For the purposes of section 94(1) of the Act, a registered insurance broker shall, within 5 months from the end of each financial year or within such longer period as the Authority may allow, lodge the following statements of accounts and other statements:
a balance-sheet as at the end of that financial year in Form A in the Schedule;
insurance broking premium accounts in Form B in the Schedule for each type of insurance broking business in respect of which it is registered;
a profit and loss account in Form C in the Schedule; and (d)a statement in Form D in the Schedule giving particulars as to the type and placement of all of its business handled during that financial year, and —
in the case of a direct insurance broker, a statement in Annex 1 to Form D in the Schedule giving particulars on the 5 insurers with whom the largest volume of its business was placed; and
in the case of a general reinsurance broker or a life reinsurance broker, a statement in Annex 2 to Form D in the Schedule giving further details on the sources and placement of its business.