Regulatory Alerts2020-03-05
Added
Notice 319 Valuation of Policy Liabilities of Life Business
The Monetary Authority of Singapore issued Notice 319 to establish mandatory requirements and guidelines for the valuation and reporting of policy liabilities for all licensed life insurers. The document specifies the rules for preparing actuarial investigation reports and defines the roles and responsibilities of appointed and certifying actuaries. This notice was cancelled with effect from 31 March 2020, replacing the original 2004 issuance and subsequent 2013 amendments.
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