Regulatory Alerts2018-12-19
Added
Notice 121 Captive Insurance - Writing of In-House and Non In-House Risks
The Monetary Authority of Singapore issued Notice 121 to establish requirements and guidelines for captive insurers regarding the writing of in-house and non in-house risks. The document defines these risk categories and specifies the regulatory treatment applicable to non in-house risks. This notice applies to all captive insurers licensed under the Insurance Act and supersedes the previous version dated 8 May 2012.
Notices
Last Revised Date: 19 December 2018
Notice 121 Captive Insurance - Writing of In-House and Non In-House Risks
Requirements and guidelines for captive insurers on the writing in-house and non in-house risks.
Financial Returns
Issued pursuant to:
Insurance Act (Cap. 142) section 64(2)
Applies to:
Captive Insurer
View Notice
Notice 121 Captive Insurance - Writing of In-House and Non In-House Risks
(378.6 KB)
This notice applies to all captive insurers.
It sets out the definitions of in-house and non in-house risks, and the treatment of non in-house risks.
8 May 2012 Notice 121 dated 8 May 2012 (49.7 KB) [Cancelled with effect from 1 Jan 2019]
This Compliance Toolkit is to guide and facilitate captive insurers’ compliance with the various MAS approval and reporting requirements and timelines.
Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.
Sets out requirements for captive insurers licensed under the Insurance Act (Cap.142).