Regulatory Alerts2020-12-30
Added
MAS Notice 100 Licensing of Insurers
The Monetary Authority of Singapore issued Notice 100 to establish regulatory requirements for all licensed insurers regarding annual fee payments and updates to licensing particulars. The notice specifies the applicable timeframes and modes of payment for annual fees, as well as the procedures for seeking approval or notifying the regulator of changes to licensing details. This framework ensures compliance with MAS standards for various insurer categories including marine mutual, captive, and special purpose reinsurance vehicles.
Notices
Last Revised Date: 30 December 2020
Notice 100 Licensing of Insurers
Requirements for insurers on annual fees and changes in licensing particulars.
View Notice
Notice 100 Licensing of Insurers
(69.6 KB)
This notice applies to all licensed insurers.
It states the timeframe and modes of payment for annual fees, and the timeframe and requirements to seek approval or notify MAS of changes in licensing particulars.
30 Dec 2020
MAS Notice 100 (Amendment) 2020 (76.8 KB) takes effect.
22 Apr 2013
MAS Notice 100 (Amendment) 2013 (80 KB) takes effect.
01 Apr 2013
Notice 100 dated 1 Apr 2013 [Cancelled with effect from 22 Apr 2013] (11.7 KB)
This Compliance Toolkit is to guide and facilitate marine mutual insurers’ compliance with the various MAS approval and reporting requirements and timelines.
Sets out requirements for reinsurers established as special purpose reinsurance vehicles for purposes of insurance securitisation.
Sets out requirements for direct general insurers licensed to write marine mutual insurance business.
Sets out requirements for captive insurers licensed under the Insurance Act (Cap.142).