| THIRD SCHEDULE |
| Paragraph 1 of Second Schedule and paragraph 4 of Fourth Schedule |
| Component 1 (C1) Requirement — Insurance Risks |
| C1 requirement |
1. Subject to paragraph 5, a registered insurer shall determine the C1 requirement of an insurance fund established and maintained under section 17 of the Act in the following manner:
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| 2. Subject to paragraph 5, a registered insurer incorporated in Singapore shall determine the C1 requirement arising from any insurance business of the insurer that does not belong to any insurance fund established and maintained under the Act in the same manner as its insurance business relating to an insurance fund established and maintained under the Act. |
| C1 requirement for general business |
| C1 requirement for life business |
4.—(1) The C1 requirement of an insurance fund established and maintained in respect of life business is calculated as the sum of —
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| Alternative method of calculating C1 |
| 5. A registered insurer may use any alternative method to calculate the C1 requirement if the method results in a C1 requirement which is no less than that determined in the manner provided in this Schedule and in such a case, the Authority may require the insurer to provide documentary evidence of that fact. |