Regulatory Alerts2021-06-28
Added
MAS Notice 307 on Investment-Linked Policies
The Monetary Authority of Singapore issued Notice 307 to establish mandatory requirements and non-mandatory standards for direct life and composite insurers offering investment-linked policies. The regulation mandates specific disclosures, notifications, unit valuations, and audit practices while setting guidelines for investment strategies and borrowing limits. These standards aim to ensure operational integrity and protect consumers by enforcing strict data accuracy and reporting obligations under the Insurance Act.
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