Insurance (Valuation and Capital) Regulations 2004 - Singapore Statutes Online

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Insurance (Valuation and Capital) Regulations 2004

Table of Contents

Enacting Formula

Part I PRELIMINARY

1 Citation and commencement

2 Definitions

Part II FINANCIAL REQUIREMENT BEFORE REGISTRATION, FUND SOLVENCY REQUIREMENT AND CAPITAL ADEQUACY REQUIREMENT

3 Paid-up capital requirement

4 Fund solvency requirement and capital adequacy requirement

Part III OTHER FINANCIAL REQUIREMENTS

5 Reduction in paid-up ordinary share capital or redemption of preference shares

6 Preference shares and qualifying Tier 2 instruments

Part IV VALUATION OF ASSETS

7 Application of this Part

8 Valuation of assets

9 Equity securities

10 Debt securities

11 Land and buildings

12 Loans

13 Cash and deposits

14 Outstanding premiums and agents’ balances

15 Deposits withheld by cedants

16 Reinsurance recoverables

Part V VALUATION OF LIABILITIES

17 Application of this Part

18 Valuation of liabilities

19 Valuation of liabilities of general business

20 Valuation of liabilities of life business

21 Treatment in relation to reinsurance arrangement with head office and branch

Part VI MISCELLANEOUS PROVISIONS

22 Surplus account

23 Revocation

24 Savings and transitional provisions

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