Singapore legislation

Regulation 3

of Insurance (Accounts and Statements) Regulations 2018

Regulation 3

Exemption from section 39(1) and (3) of Act

Subregulation 1

A licensed insurer (other than a captive insurer, marine mutual insurer or Special Purpose Reinsurance Vehicle) is exempt from section 39(1) and (3) of the Act in respect of —

(a)

the following documents lodged by the insurer under the direction issued by the Authority that is commonly known as MAS Notice 129 (called in this regulation MAS Notice 129), in accordance with section 36(3) and (3A) of the Act:

(i)

any report in Form A9;

(ii)

all Quarterly Returns; (iii)all Other Annual Returns; and

(b)

the following documents lodged by the insurer under MAS Notice 129, in accordance with section 37(1)(b) of the Act:

(i)

Actuary’s Report on Policy Liabilities in respect of General Business;

(ii)

Actuary’s Report on Policy Liabilities in respect of Life Business;

(iii)

Actuary’s Certificate on Statement of Premiums and Claims Development by Line of Business.

Subregulation 2

In this regulation, “Form A9”, “Quarterly Returns” and “Other Annual Returns” have the meanings given to them in MAS Notice 129.

Read in full context — Insurance (Accounts and Statements) Regulations 2018 →