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Insurance - Insurance Companies

Insurance Regulations

(Chapter 142, Section 64)

Revised Edition 2002


Part I Preliminary
Regulation 1 Citation
Part II Paid-Up Capital and Margins of Solvency
Regulation 2 Minimum paid-up share capital
Regulation 3 Margins of solvency
Part III Valuation of Assets
Regulation 4 Application of this Part
Regulation 5 Land and buildings
Regulation 6 Government securities
Regulation 7 Unit trusts and equity shares
Regulation 8 Corporate bonds and bills of exchange
Regulation 9 Loans
Regulation 10 Cash, deposits and negotiable certificates of deposits
Regulation 11 Outstanding premiums and agents' balances
Regulation 12 Deposits withheld by cedents and other recoverables
Regulation 13 Investment income due or accrued and other receivables
Regulation 14 Motor vehicles and computer equipment
Regulation 15 Valuation of assets
Part IV Assets of Singapore Insurance Funds
Regulation 16 Definitions of this Part
Regulation 17 Application of this Part
Regulation 18 Investment limits
Regulation 18A Counterparty exposure limits
Regulation 19 Liquid assets
Part V Determination of Liabilities
Regulation 20 Determination of liabilities
Regulation 20A Valuation of liabilities of general business
Regulation 21 Determination of liabilities on establishment of offshore insurance fund of insurer
Regulation 22 Withdrawal from insurance fund in respect of life policy removed from register of Singapore policies
Regulation 23 Surrender values of life policies
Regulation 24 Amount of paid-up policy to be obtained in exchange for life policy
Regulation 25 Determination of liabilities in connection with winding up
Regulation 26 Determination of liabilities of life policies on minimum basis
Regulation 27 References to statutory valuation of life policies

Part VA Insurance Intermediaries
Deleted by S677/2003, wef 01/01/2004

Part VI Miscellaneous
Deleted by S677/2003, wef 01/01/2004

Part VII Extra-Territoriality Application of Section 56A (2) of Act
Deleted by S677/2003, wef 01/01/2004

The Schedule
Investment Limits

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Last modified on 19/3/2007