Regulatory Alerts2018-09-28
Added · Updated
Notice on Insurance Returns (Accounts and Statements) for Captive Insurers
This Notice mandates that all captive insurers lodge specific forms and annexes via MASNET or email according to their license type, with submission deadlines calculated from the end of the accounting period or financial year. It requires electronic submissions to be signed by the chief executive or an authorized officer, ensures all monetary amounts are in Singapore dollars, and specifies valuation standards for assets, liabilities, and equity items. The document further stipulates that certain Annual Returns must be audited by an appointed auditor, while other returns remain unaudited.
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