Regulatory Alerts2017-08-25 | 29553Reinsurance Arrangements (Life Insurance) – 2014
The Insurance Sector issued the Reinsurance Arrangements (Life Insurance) – 2014 to establish binding regulatory requirements for life insurers engaging in reinsurance transactions. The framework mandates adequate capital reserves, prior regulatory approval for material contracts, and robust risk management protocols to mitigate counterparty defaults. Additionally, it standardizes reporting obligations and audit procedures to ensure ongoing compliance and long-term financial stability across the sector.
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