PIN 6.3.3

Where an Insurer includes in its annual Regulatory Return a value for Long-Term Insurance Liabilities which is inconsistent with the amount referred to in Rule 7.3.6(b), the Insurer must notify the Regulator in writing of:

(a) the reasons for not including in its annual Regulatory Return the value of Long-Term Insurance Liabilities as reported by the Actuary; and
(b) details of the alternative assumptions and methods used by the Insurer for determining the value of Long-Term Insurance Liabilities.
Amended on (3 February, 2020).