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:
The formats numbered 1-7 are required to be emailed by the Principal Officer of the Company to email@example.com 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.
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.