Regulatory Alerts2016-01-28
Added · Updated
Permission to Submit a Single Solvency and Financial Condition Report for Insurance Groups
Insurance companies and groups may submit a single Solvency and Financial Condition Report for both the group and affiliated entities, subject to supervisory authority approval. This single report must include publicly disclosed information at the group level and traceable information for subsidiary companies. Applicants must use the designated application form and provide a prototype group report detailing the scope, entity treatment, and policymaker involvement. The supervisory authority must render a decision within six weeks of receiving a complete application.
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