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Insurance (Lloyd’s Asia Scheme) Regulations
Status:
 
Current version
as at 08 Oct 2024
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Table Of Contents
Insurance (Lloyd’s Asia Scheme) Regulations
Status:
 
Current version
as at 08 Oct 2024
Please check the legislation timeline to ensure that you are viewing the correct legislation version. See also FAQ B3.
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Versions
or
find current version as at
31 Dec 2020   
  •  
     
  • 31 Dec 2020
    Amended by
    S 1094/2020
  • 31 Mar 2020
    Amended by
    S 135/2020
  • 01 Jan 2019
    Amended by
    S 839/2018
  • 01 Apr 2015
    Amended by
    S 180/2015
  • 31 Dec 2013
    Amended by
    S 833/2013
  • 18 Apr 2013
    Amended by
    S 231/2013
  • 04 Nov 2010
    Amended by
    S 665/2010
  • 01 Apr 2008
    Amended by
    S 159/2008
  • 01 Jan 2005
    Amended by
    S 814/2004
  • 29 Feb 2004
    2004 RevEd
  • 31 Mar 2003
    Amended by
    S 136/2003
  • 01 Feb 2002
    SL 62/2002
  •  
     
Table of Contents
Insurance (Lloyd’s Asia Scheme) Regulations
Part I PRELIMINARY
 
1 Citation
 
2 Definitions
 
2A Forms
Part II REQUIREMENTS RELATING TO AND DUTIES OF MEMBERS OF LLOYD’S CARRYING ON INSURANCE BUSINESS UNDER SCHEME
 
3 Conditions for carrying on insurance business under Lloyd’s Asia Scheme
 
4 Registration of member of Lloyd’s
Part III REQUIREMENTS RELATING TO AND DUTIES OF SERVICE COMPANIES
 
5 Requirements for Service Company
 
6 Registration of Service Company
 
6A Duties of Service Company
 
6B Cancellation of registration of Service Company
 
7 Officers of Service Company
 
8 Premises of Service Company
 
9 New policies
 
10 Duty to respond to notices and legal processes
 
11 Establishment and maintenance of separate insurance funds
 
12 Registers maintained by Service Company
 
13 Preparation and submission of documents by Service Company
Part IIIA RECOGNITION AND VALUATION OF ASSETS
 
13A Application of this Part
 
13B Recognition and valuation of assets
 
13C Equity securities
 
13D Debt securities
 
13E Land and buildings
 
13F Loans
 
13G Cash and deposits
 
13H Outstanding premiums and agents’ balances
 
13I Deposits withheld by cedants
 
13J Reinsurance recoverables
Part IIIB RECOGNITION AND VALUATION OF LIABILITIES
 
13K Application of this Part
 
13L Recognition and valuation of liabilities
 
13M Recognition, valuation and calculation of liabilities of general business
Part IV REQUIREMENTS RELATING TO AND DUTIES OF ADMINISTRATOR
 
14 Responsibility of administrator
 
15 Officers of administrator
 
16 Duty to maintain deposits
 
17 (Deleted)
 
18 Registers
 
19 Duty of administrator to assist claimants
 
20 General obligations of administrator
 
21 Lodgment and signature of Annual Report by administrator
 
22 Annual fee
Part V MISCELLANEOUS
 
23 Inspection by public
 
24 Exemption
 
25 (Deleted)
 
26 (Deleted)
 
27 General obligation to furnish information
FIRST SCHEDULE SECOND SCHEDULE THIRD SCHEDULE FOURTH SCHEDULE FIFTH SCHEDULE Repealed Legislative History
Insurance (Lloyd’s Asia Scheme) Regulations
Status:
Current version as at 08 Oct 2024
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    • Add to My Collections
    • Amendments RSS Feed
  • Document
  • Provision
  • 01 Feb 2002
    SL 62/2002
  • 31 Mar 2003
    Amended by
    S 136/2003
  • 29 Feb 2004
    2004 RevEd
  • 01 Jan 2005
    Amended by
    S 814/2004
  • 01 Apr 2008
    Amended by
    S 159/2008
  • 04 Nov 2010
    Amended by
    S 665/2010
  • 18 Apr 2013
    Amended by
    S 231/2013
  • 31 Dec 2013
    Amended by
    S 833/2013
  • 01 Apr 2015
    Amended by
    S 180/2015
  • 01 Jan 2019
    Amended by
    S 839/2018
  • 31 Mar 2020
    Amended by
    S 135/2020
  • 31 Dec 2020
    Amended by
    S 1094/2020
  •  
1 Feb 2002
31 Mar 2003
29 Feb 2004
1 Jan 2005
1 Apr 2008
4 Nov 2010
18 Apr 2013
31 Dec 2013
1 Apr 2015
1 Jan 2019
31 Mar 2020
31 Dec 2020
or find current version as at

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