Regulatory Alerts2024-11-20
Added
Notice 302 Product Development and Pricing
The Monetary Authority of Singapore issued Notice 302 to establish regulatory requirements for the development and pricing of life insurance products and investment-linked policy sub-funds. The notice mandates specific management oversight, controls, and approval procedures while prohibiting certain payout features to ensure sound practices. It also provides guidelines for notifying the regulator of new product launches and applies to all direct insurers licensed to carry on life business.
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