Regulatory Alerts2009-01-01
Domestic Insurance Business Regulations 2009
Issued by the Seychelles Minister of Finance under the Insurance Act 2008, these regulations establish comprehensive investment and solvency requirements for licensed domestic insurers. They mandate that long-term and general insurance funds maintain specified asset-to-liability ratios, restrict capital to approved securities and properties, and cap non-approved holdings at ten percent with directorial consent. The framework further enforces strict reporting schedules, statutory valuations by qualified actuaries, and mandatory surrender value calculations for life policies to ensure ongoing financial stability and regulatory oversight.
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