10.—(1) A captive insurer registered to carry on general business shall lodge for each accounting period, for each insurance fund established and maintained under the Act in respect of its general business —
(a) a fund balance sheet in Form 1 (excluding Annexes 1F (a), 1F (b), 1F (c), 1G, 1K, 1 (i) and 1 (ii)), as at the end of that accounting period;
(b)
a fund profit and loss account in Form 2 (excluding Annexes 2A, 2B, 2C (a), 2C (b), 2E, 2G, 2H and 2J); and
(c)
subject to regulation 13(4), a statement in Form 6, giving as regards policies belonging to that class of business particulars of premiums, claims, underwriting results and operating results during that accounting period.
(2) A captive insurer registered to carry on life business shall lodge for each accounting period, for each insurance fund established and maintained under the Act in respect of its life business —
(a)
a fund balance sheet in Form 1 (excluding Annexes 1F (a), 1F (b), 1F (c), 1G, 1 (i) and 1 (ii)), as at the end of that accounting period;
(b)
a fund profit and loss account in Form 2 (excluding Annexes 2B, 2C (b) and 2E); and
(c)
separate statements in Form 3 for all policies issued to individuals and in Form 4 for all policies issued to groups of individuals, giving as regards policies belonging to each type of life business particulars of —
(i)
the issue of new policies;
(ii)
the termination of policies and the transfers of policies to or from the register of Singapore policies or offshore policies, as the case may be, during that accounting period; and
(iii)
the business in force as at the end of that accounting period.
(3) A captive insurer incorporated in Singapore shall lodge for each accounting period, in respect of the insurer’s global operations —
(a)
a balance sheet in Form 8 , as at the end of that accounting period; and
(b)
a profit and loss account in Form 9.
(4) A captive insurer incorporated outside Singapore shall lodge for each financial year, in respect of the insurer’s global business operations, a statement in Form 10 of the financial position of the insurer as at the end of that financial year.
(5) In this regulation and regulation 12 “accounting period” means the financial year of a captive insurer.