Regulatory Alerts2007-01-01
Insurance (Returns) Rules 2007
The Financial Services Commission of Mauritius issued the Insurance (Returns) Rules 2007 to mandate insurers to submit periodic financial returns under Section 130 of the Insurance Act 2005. The rules prescribe specific reporting forms for general insurance business under the First Schedule and long-term insurance business under the Second Schedule. These standardized reporting requirements commenced on 28 September 2007 to ensure consistent regulatory oversight of insurer financial disclosures.
The text below is an internet version of the rules issued by the Commission under the Insurance Act 2005 and is for information purpose only. Whilst reasonable care has been taken to ensure its accuracy, the authoritative version is the one published in the Government Gazette of Mauritius. INSURANCE (RETURNS) RULES 2007 FSC Rules made by the Financial Services Commission under Section 130 of the Insurance Act
- These Rules may be cited as the Insurance (Returns) Rules 2007.
- “Act” means the Insurance Act.
- An Insurer shall furnish to the Commission the returns pursuant to section 49 (2) of the Act, in respect of – (1) its general insurance business, in accordance with Forms 1, 2, 2A, 2B, 2C, 2D, 2E, 2F, 2G, 3, 3A, 3B, 3C, 4, 5, 6, 7, 7A, 7B, 7C, 7D, 7E, 7F, 7G and 7H under the First Schedule; (2) its long term insurance business, in accordance with Forms 1, 2, 3, 3A, 3B, 3C, 3D, 3E, 3F, 4, 4A, 4B, 5, 6, 7 under the Second Schedule.
- These rules shall be deemed to have come into operation on 28 September
Made by the Financial Services Commission on 28 September 2007. 1