PIN 6.3.2

Where an Insurer includes in its annual Regulatory Return a value for General Insurance Liabilities or for assets associated with those liabilities which is inconsistent with the amount referred to in Rule 7.2.4(b), the Insurer must notify the Regulator in writing of:

(a) the reasons for not including the value of General Insurance Liabilities or of associated assets as reported by the Actuary in its annual Regulatory Return; and
(b) details of the alternative assumptions and methodologies used for determining the value of General Insurance Liabilities or of associated assets.
Amended on (3 February, 2020).