Insurance (Returns) (Amendment) Rules 2022

Government Notices 2022 2833
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Government Notice No. 239 of 2022 THE INSURANCE ACT FSC Rules made by the Financial Services Commission under
section 93 of the Financial Services Act and section 130
of the Insurance Act

1. Citation
   These rules may be cited as the Insurance (Returns) (Amendment) Rules 2022.
2. Interpretation
   In these rules –
   “principal rules” means the Insurance (Returns) Rules 2007.
3. The Second Schedule to the principal rules are amended –
   (a) by deleting Form 4 and replacing it by the First Schedule to these rules; (b) by deleting Form 4A and replacing it by the Second
   Schedule to these rules;
   (c) by deleting Form 4B and replacing it by the Third Schedule to these rules; (d) by deleting Form 6 and replacing it by the Fourth Schedule to these rules.
4. Commencement
   These rules shall come into operation on 03 September 2022. Made by the Financial Services Commission on 25 May 2022.

2834 Government Notices 2022
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof FIRST SCHEDULE Rule 3(a) Form 4 rule 3(2) NAME OF INSURER YEAR ENDED REVENUE ACCOUNT
Annex TOTAL Life Assurance Pension Permanent Health Insurance Linked Long Term Insurance Structured Investment- Linked
Insurance
Rs. Rs. Rs. Rs. Rs. Rs.
REVENUE
Premium
Gross Premium on direct business Gross Premium on reinsurance business accepted:
(a)
(b)
Facultative
Treaty

Government Notices 2022 2835
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Total Gross Premium on reinsurance business accepted: Total Gross Premium Reinsurance business ceded - Local Overseas Total reinsurance ceded Total Net Premium Investment income Commission Other income (please specify) TOTAL REVENUE ........................ BENEFITS AND EXPENSES Policy benefit 4A Maturity payments Death benefits Surrenders Periodical payments Lump sum Other Total gross policy benefits

2836 Government Notices 2022
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Recovered from reinsurers
Total net policy benefits ...................
Commission
Management expenses 4B
Other expenses (please specify) TOTAL BENEFITS AND
EXPENSES .....................................
Surplus before tax
Tax
Surplus after tax
Transfer to.........................................
from ..................................................
Fund at beginning of the year
Fund at the end of the year ...............

Government Notices 2022 2837
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Number of policies in force TOTAL Life Assurance Pension Permanent Health Insurance Linked Long Term Insurance Structured Investment- Linked Insurance At beginning of the year New business during the year Termination (maturity, surrenders, lapse) At the end of the year Director Director Auditor & Signing Partner Date:

2838 Government Notices 2022
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof SECOND SCHEDULE Rule 3(b) Form 4A rule 3(2) NAME OF INSURER YEAR ENDED INVESTMENT INCOME Description Total Life Assurance Pension Permanent Health Insurance Linked Long Term Insurance Structured Investment￾Linked Insurance Interest Secured loans Unsecured loans Debentures Deposits Govt. Securities Related companies Dividend Listed locally Unlisted locally Listed overseas Unlisted overseas Related companies

Government Notices 2022 2839
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Rent Gains on disposal Increase in fair value Other (please specify) TOTAL Director Director Auditor & Signing Partner Date:

2840 Government Notices 2022
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof THIRD SCHEDULE Rule 3(c) Form 4B rule 3(2) NAME OF INSURER YEAR ENDED MANAGEMENT EXPENSES MANAGEMENT EXPENSES TOTAL Life Assurance Pension Permanent Health Insurance Linked Long Term Insurance Structured Investment￾Linked Insurance Rs. Rs. Rs. Rs. Rs. Rs. Salaries and employee benefits Directors salaries, fees and benefits Audit fees Legal fees Actuarial fees Survey fees Finance costs Marketing expenses Repairs & Maintenance

Government Notices 2022 2841
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Printing & stationery Rent Travelling expenses Entertainment Provision for bad/doubtful debts Bad debts written off Other (please specify) Total Management expenses Director Director Auditor & Signing Partner Date:

2842 Government Notices 2022
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof FOURTH SCHEDULE Rule 3(d) Form 6 rule 3(2) NAME OF INSURER YEAR ENDED ASSETS COVERING TECHNICAL PROVISIONS Liabilities of TOTAL Non￾linked Business Linked Business Shareholders’ Fund Structured Investment Linked Business Technical Provisions Total Assets Less encumbered assets Total free assets Less liabilities other than technical provisions Assets (listed below) available to cover technical provisions

Government Notices 2022 2843
Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof Vinit/Imac05/Govt Notices/2022/The Insurance (Returns) (Amd) Rules 2022 - 02.09.2022 - 4th Proof List of Assets Director Director Auditor & Signing Partner Date:
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