Circular No. 18 of 2023 Amendments in the Circular No. 24 of 2010-Reinsurance/Re-takaful Treaty Arrangements

The Securities and Exchange Commission of Pakistan extends the relaxation provided to non-life insurers and takaful operators regarding their treaty arrangements for the year 2024. This extension applies until further notice and builds upon the relaxation originally granted in Circular 2 of 2023. The directive is distributed to the chief executive officers of all non-life insurance companies and takaful operators.

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Securities and Exchange Commission of Pakistan

(Insurance Division)

Circular No. 18 of 2023

Islamabad, December 6, 2023

SUBJECT: AMENDMENTS IN THE CIRCULAR 24/2010 – REINSURANCE/ RETAKAFUL TREATY ARRANGEMENTS - 2011

Attention is invited towards Circular 2 of 2023 pertaining to the subject matter.

Relaxation provided to the non-life insurers and takaful operators in the Circular 2 of 2023 dated March 3, 2023 for their treaty arrangements is hereby extended for the year 2024 until any further notice in this regard.

Aamir Khan
Commissioner – Insurance

Distribution:

Chief Executive Officers of all non-life Insurance Companies and takaful operators
Chairman (Insurance Association of Pakistan)
President (Institute of Chartered Accountants of Pakistan)
President (Institute of Cost & Management Accountants of Pakistan)

Lineage: In force

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Source: Securities and Exchange Commission of Pakistan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works