Insurance (Group Supervision) Rules 2011
Download PDF| Year | 2011 |
|---|---|
| Category | Consolidated |
| Last Updated | 2026-02-19 16:15:51 |
|---|---|
| File Size | 234.6 KB |
| Source | bermudalaws.bm |
Table of Contents
- 1. Citation and commencement
- 2. Interpretation
- 3. General principles
- 4. Corporate governance: general
- 5. Corporate governance: responsibilities of the parent board
- 6. Corporate governance: responsibilities of the chief and senior executives of the
- 7. Internal audit function
- 8. Risk management function
- 9. Compliance function
- 10. Actuarial function
- 11. Risk management and internal controls framework
- 12. Risk management and internal controls framework: investment/market risk
- 13. Risk management and internal controls framework: Liquidity risk component
- 14. Risk management and internal controls framework: Concentration risk
- 15. Risk management and internal controls framework: Credit risk component
- 16. Risk management and internal controls framework: Operational risk component
- 17. Risk management and internal controls framework: Insurance underwriting risk
- 18. Group Solvency Self-Assessment
- 19. Minimum margin of solvency
- 20. Group Enhanced Capital Requirement
- 21. Interpretation
- 22. Available Statutory Economic Capital and Surplus
- 23. Group financial statements
- 24. Statutory financial statements
- 25. Group Statutory financial return
- 26. Requirements relating to preparation of returns generally
- 27. Opinion of group actuary
- 28. Requirement to keep records in Bermuda
- 29. Designated insurer to report certain events
- 29A. Cyber risk programme
- 29B. Cyber event reporting
- 30. Financial Condition Report
- 31. Subsequent Event
- 32. Declaration on Financial Condition Report or Significant Event
- SCHEDULE
- 1. These Rules may be cited as the Insurance (Group Supervision) Rules 2011 and
- SCHEDULE — s 1 and 2;
- 22. and 29; and
- 2. (1) In these Rules—
No cases currently cite this legislation.