4.—(1) For the purposes of section 36(3) of the Act, a licensed insurer shall lodge statements of account and other statements in accordance with this regulation and regulation 5.
[S 243/2013 wef 18/04/2013]
(2) A direct general insurer 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, as at the end of that accounting period;
(b)
a fund profit and loss account in Form 2;
(c)
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; and
(d)
where the insurance fund is maintained for Singapore policies, a statement in Form 7, excluding part (a) thereof, giving particulars of the accident and health benefits of each policy in respect of which the fund is maintained during that accounting period.
[S 39/2006 wef 31/01/2006]
(3) A general reinsurer 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, as at the end of that accounting period;
(b)
a fund profit and loss account in Form 2; and
(c)
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.
(4) A direct life insurer 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, as at the end of that accounting period;
(b)
a fund profit and loss account in Form 2;
(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; and
(d)
where the insurance fund is maintained for Singapore policies, a statement in Form 7, giving particulars of the accident and health benefits of each policy in respect of which the fund is maintained during that accounting period.
(5) A life reinsurer 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, as at the end of that accounting period;
(b)
a fund profit and loss account in Form 2; and
(c)
a statement in Form 5, giving as regards policies belonging to that class of 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.
(6) A licensed insurer incorporated in Singapore shall lodge for each accounting period, in respect of the insurer’s global business 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.
[S 243/2013 wef 18/04/2013]
(7) A licensed 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.