Regulatory Alerts2020-12-30
Added · Updated
Notice on Insurance Returns (Accounts and Statements) for Financial Guarantee Insurers
Financial guarantee insurers, including direct general insurers, direct composite insurers, general reinsurers, and composite reinsurers, must lodge specific forms via MASNET or email by the deadlines specified in Appendix A. The required submissions include Forms G5, G6, and G7, which detail premiums, claims, underwriting results, total net exposure, and qualified capital. All monetary amounts must be expressed in Singapore dollars, and forms must be signed by the chief executive or an authorized officer in Singapore. The notice takes effect on 1 January 2019, with transitional provisions applying to periods ending before 31 March 2020.
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