Regulatory Alerts2021-10-21
Guidance Note for International Life and Pensions Insurers
The Guernsey Financial Services Commission issues this guidance to outline regulatory obligations for international life and pensions insurers operating from Guernsey. The document mandates annual business plans, actuarial valuations, and specific declarations, while requiring external auditors to report on internal controls and policyholder protection arrangements. Insurers must also ensure assets representing at least 90% of liabilities are held in trust and comply with public disclosure requirements.
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