Insurance (General Provisions and Exemptions for Captive Insurers) 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 Exemption in respect of Insurance (Valuation and Capital) Regulations 2004
5 Fund solvency requirement
6 Capital adequacy requirement
Part III ACCOUNTS AND STATEMENTS
7 Exemption from Insurance (Accounts and Statements) Regulations 2004
8 Forms
9 Returns to be lodged by captive insurers
10 Annual returns to be lodged by captive insurers
11 Quarterly and other returns to be lodged by captive insurers
12 Returns on actuarial investigation of life business
13 Provisions as to returns lodged
14 Valuation of assets and liabilities
15 Lodgment and signature of returns
16 Audit and auditor’s report
17 Returns in electronic form
18 Deadlines for lodgment of returns
19 Information on external auditor
Part IV EXEMPTIONS
20 Exemptions from sections 14 and 37 (1) (b) of Act
21 Exemption from section 31 (1) (b ) of Act
22 Exemption from section 46 of Act
Part IV MISCELLANEOUS
23 Revocation
24 Savings and transitional provisions