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Determination 12 - 31/05/2011 and as amended on 30/04/2013 (Compliance Certifications) and on 11/03/2016 (to be in line with the Solvency Margin (Risk Based Capital) Rules, 2015


Determination 12 - 31/05/2011 and as amended on 30/04/2013 (Compliance Certifications)
and on 11/03/2016 (to be in line with the Solvency Margin (Risk Based Capital) Rules, 2015

Section 49 (b) of the Regulation of Insurance Industry Act, No. 43 of 2000 - Quarterly Returns of Insurers

Every insurer shall, for every quarter commencing from the first day of January 2016, furnish to the Board, its quarterly returns in accordance with the revised Quarterly Returns Formats (revised to be in line with new Solvency Margin (Risk Based Capital) Rules 2015) as specified below:

1. Balance Sheet and Income Statement - General Insurance

2. Balance Sheet and Income Statement - Long Term Insurance

3. Determination 1
4. Quarterly Actuarial Returns General Insurance word icon
5. Quarterly Actuarial Returns Long Term Insurance word icon
6. Solvency Margin (RBC) General Insurance
7. Solvency Margin (RBC) Long Term Insurance
8. Compliance Certification (A) word icon
9. Compliance Certification (B) word icon

 

The formats numbered 1-7 are required to be emailed by the Principal Officer of the Company to This email address is being protected from spambots. You need JavaScript enabled to view it. within forty-five days after the end of each quarter.

Additionally, companies are required to furnish hard copies of following formats, within forty five days from the end of each quarter.   

  1. Balance Sheet and Income Statement - General Insurance - Form CO-SI(QR), Form SCE(QR), Form CO-BS (QR) and Certification
  2. Balance Sheet and Income Statement - Long Term Insurance - Form CO-SI(QR), Form SCE(QR), Form CO-BS (QR) and Certification
  3. Determination 1 formats
  4. Quarterly Actuarial Returns General Insurance
  5. Quarterly Actuarial Returns Long Term Insurance
  6. Solvency Margin (RBC) General Insurance – Form MC-BS(A)[QR], Form MC-BS(L)[QR], Form MC-BS(E)[QR],  Form Solvency, Form Total Available Capital, Form RCR,  and Certification  
  7. Solvency Margin (RBC) Long Term Insurance - Form MC-BS(A)[QR], Form MC-BS(L)[QR], Form MC-BS(E)[QR], Form Solvency , Form Surrender Value Capital Charge (SVCC) , Form Total Available Capital (TAC), Form RCR, and Certification 
  8. Compliance Certification (A)
  9. Compliance Certification (B)

Monthly Reporting

Insurers who are required to report on a monthly basis are required to comply with the above from the month ended 31st March 2016 and furnish to the Board within such period of time as directed by the Board.