Regulatory Alerts2013-07-18
Regulation No. 2013-02 - Regulation on Life Insurance Activities, Update No. I - Regulation on the Preparation of the Financial Statements of Life Insurance Companies, Update No. I
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2013-02 to implement Update No. I to Regulations 2008-01 and 2009-01 concerning life insurance activities and financial statement preparation. The regulation modifies investment limits and credit rating requirements for life insurers, specifically adjusting rules for bank deposits, unlisted debt securities, and internal fund assets. These changes, which entered into force on July 18, 2013, also update the reporting templates for technical reserves in Annex C of the financial reporting regulation.
Share