Regulatory Alerts2022-01-01
Insurance (Returns) (Amendment) Rules 2022
The Financial Services Commission issued the Insurance (Returns) (Amendment) Rules 2022 to update statutory reporting requirements for licensed insurers. The amendment replaces Forms 4, 4A, 4B, and 6 in the Second Schedule with standardized schedules that detail revenue accounts, investment income, management expenses, and assets covering technical provisions across life assurance, pension, permanent health, and investment-linked business lines. These updated reporting templates mandate structured financial disclosures for insurers and officially commence on 3 September 2022.
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