Regulatory Alerts2017-01-01
Regulation No. 2016-04 - Regulation on Supervisory Reporting for Life Insurance Companies - Update No. II
The General Director of the Central Bank of the Republic of San Marino issued Regulation No. 2016-04 to update supervisory reporting requirements for life insurance companies. The regulation mandates quarterly submissions of data on premium collections, financial assets, settlements, technical reserves, and separate management composition, with a maximum transmission deadline of thirty calendar days. These updated reporting schemes become mandatory for reports with a reference date of March 31, 2017, following the regulation's entry into force on January 1, 2017.
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