Fourth Article - Financial Regulations
IA-BOD-RES 25/2014 Effective from 28/12/2014The Financial Regulations for Insurance Companies include the following sections:
| Section 1: | Regulations Pertinent to the Basis of Investing the Rights of the Policyholders |
| Section 2: | Regulations Pertinent to the Solvency Margin and Minimum Guarantee Fund |
| Section 3: | Regulations Pertinent to the Basis of Calculating the Technical Provisions |
| Section 4: | Regulations Pertinent to Determining the Company's Assets that Meet the Accrued Insurance Liabilities. |
| Section 5: | Regulations Pertinent to the Records which the Company shall be obligated to Organize and Maintain as well as the Data and Documents that shall be made Available to the Authority |
| Section 6: | Regulations Pertinent to the Principles of Organizing Accounting Books and Records of Each of the Companies, Agents and Brokers and Determining Data to be maintained in these Books and Records |
| Section 7: | Regulations Pertinent to Accounting policies to be adopted and the necessary forms needed to prepare and present reports and financial statements |