Regulatory Alerts2022-01-10
Regulation 15 of the Regulations Under the Long-Term Insurance Act
The regulator issued Regulation 15 of the Regulations Under the Long-Term Insurance Act to update compliance frameworks for licensed long-term insurance providers. This directive mandates revised reporting protocols and capital adequacy thresholds that insurers must implement to maintain operational authorization. The updated requirements, last revised in November 2024, apply uniformly across all domestic and foreign long-term insurance entities operating under the Act.
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