Regulatory Alerts2020-12-30
Added
Notice 119 Electronic Submission of Returns
The Monetary Authority of Singapore issued Notice 119 to mandate licensed insurers and the Lloyd's Asia Scheme administrator to submit insurance returns via the MASNET facility. This requirement applied to all licensed insurers, excluding captive insurers, marine mutual insurers, and Special Purpose Reinsurance Vehicles. The notice was cancelled with effect from 30 December 2020, superseding the previous electronic submission mandate.
Notices
Last Revised Date: 30 December 2020
Notice 119 Electronic Submission of Returns [Cancelled with effect from 30 Dec 2020]
Requirements for insurers to submit electronic returns to MAS.
View Notice
Notice 119 Electronic Submission of Returns [Cancelled with effect from 30 Dec 2020]
(6.1 KB)
This notice applies to all licensed insurers and the administrator of the Lloyd's Asia Scheme.
It specifies MASNET as the facility for the electronic submission of insurance returns.
30 Dec 2020
MAS Notice 119 (Cancellation) (27.3 KB) takes effect from 30 Dec 2020.
03 Jan 2008
MAS Notice 119 (Amendment) 2008 (8.02 KB) takes effect from 4 Jan 2008.
Requirements for carrying on insurance business under the Lloyd's Asia Scheme, a foreign insurer scheme established under the Insurance Act (Cap. 142).
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.
Applies to all licensed insurers, except for captive insurers, marine mutual insurers and Special Purpose Reinsurance Vehicles. It sets out the requirements for insurers to submit returns to MAS.
Sets out requirements for carrying on financial guarantee insurance business as a direct insurer licensed under the Insurance Act (Cap. 142).
Reminds all licensed insurers that prior approval from their Chief Executive and/or Board is required before the insurer submits the electronic returns to MAS.
Sets out requirements for captive insurers licensed under the Insurance Act (Cap.142).