Notices
Notice 130 on Insurance Returns (Accounts and Statements) for Captive Insurers
Requirements for captive insurers on the returns to be lodged with MAS.
Applies to:
Captive Insurer
This notice sets out the forms, submission requirements and deadlines for the returns to be submitted by captive insurers.
Amendment Notes
- 15 Mar 2021
- MAS 130 (Amendment) 2021 (2.02 MB)takes effect on 16 Mar 2021.
- 30 Dec 2020
- MAS 130 (Amendment No. 2) 2020 (1.4 MB)takes effect on 31 Dec 2020.
- 06 Mar 2020
- MAS 130 (Amendment) 2020 (2.67 MB)takes effect on 31 Mar 2020.
- 19 Dec 2018
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MAS 130 (Amendment) 2018 (5.89 MB)takes effect on 1 Jan 2019.
Related to this Notice
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GuidanceLast Revised Date: 28 September 2023
Compliance Toolkit for Approvals, Notifications and Other Regulatory Submissions to MAS for Captive Insurers
This Compliance Toolkit is to guide and facilitate captive insurers’ compliance with the various MAS approval and reporting requirements and timelines.
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CircularsPublished Date: 15 March 2021
ID 05/21 - Amendments to Reports of Auditors in Insurance Returns
Informs all insurers on amendments to the legislations on insurance returns.
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CircularsPublished Date: 30 December 2020
ID 43/20 Amendments To Insurance Returns Legislations
Informs insurers on changes to insurance returns legislations, including replacing hardcopy submission requirements for annual returns with electronic submission requirements, and sets out specific expectations on the operational details for the submission.
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GuidelinesPublished Date: 23 December 2020
Guidelines on the Preparation of Actuarial Investigation Report (ID 01/20)
To provide guidance on the information that should be disclosed when an actuary prepares a report referred to in section 37(1)(b) of the Act (an “actuarial investigation report”).
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Subsidiary LegislationLast Revised Date: 31 March 2020
Insurance (Valuation and Capital) Regulations 2004
Sets out the requirements under the risk-based capital framework for all licensed insurers, including the way in which assets and liabilities are to be valued.
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CircularsPublished Date: 06 November 2019
ID 13/19 Approval of External Auditors
Provides the revised application forms for the appointment of external auditors.
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CircularsPublished Date: 07 November 2018
ID 12/18 Submission of Annual Returns
Reminds all licensed insurers that prior approval from their Chief Executive and/or Board is required before the insurer submits the electronic returns to MAS.
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CircularsPublished Date: 28 September 2018
ID 11/18 Review of Insurance Returns
Informs insurers that the revised insurance returns will be implemented on 1 January 2019.
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CircularsPublished Date: 16 August 2018
ID 08/18 Approval of External Auditors [Cancelled with effect from 6 Nov 2019]
Provides the revised application forms for the appointment of external auditors.
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ConsultationsPublished Date: 13 October 2014
Consultation on Review of Insurance Returns
- Consultation number:
- P024-2014
- Start date:
- 13 October 2014
- Closing date:
- 24 November 2014
- MAS response date:
- 28 June 2016
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Subsidiary LegislationPublished Date: 18 April 2013
Insurance (General Provisions and Exemptions for Captive Insurers) Regulations 2018
Sets out requirements for captive insurers licensed under the Insurance Act (Cap.142).