Sets out the specific operational safeguards that insurers should put in place for effective and consistent implementation of the fund concept.
Last Revised Date: 05 March 2020
Notice 101 Maintenance of Insurance Funds
Requirements for insurers on the maintenance of insurance funds.
This notice applies to all licensed insurers.
It sets out requirements on:
- The management of insurance funds.
- Policy Owners' Protection Fund (PPF) levy.
- Switching of assets between insurance funds.