Regulatory Alerts2025-01-01
Guideline – General Insurer – Valuation of Actuarial Reserves and Other Policy Liabilities 2024
The Financial Services Commission of Jamaica issued these guidelines to establish requirements for appointed actuaries valuing actuarial reserves and policy liabilities of general insurers. The document mandates specific content, structure, and filing procedures for the Appointed Actuary's Report, including detailed exhibits and supplementary tables. It outlines the regulator's review process and enforcement powers to ensure compliance with the Insurance Act and generally accepted actuarial practice.
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