Insurance (Prudential Standards)(Class C, Class D and Class E)(Solvency Requirement) Amendment Rules 2025 - Schedule of Asset and Liability Statement

Summary

This document adds a new Schedule (Part/Schedule XXIB, under Paragraph 7A) to the Insurance Prudential Standards Rules for Class C, D and E insurers, introducing a requirement to file an Asset and Liability Statement. It applies separately to Class D and E insurers and to Class C insurers, each carved out for those that conduct domestic business.

• Class D and E insurers: Insurers in these classes that do not carry on domestic business must provide a completed Asset and Liability Statement in the form prescribed by the BMA.
• Class C insurers: Insurers in this class that do not carry on domestic business must likewise provide a completed Asset and Liability Statement as prescribed by the BMA.

The extracted text does not specify a filing frequency, deadline, or effective date for this new schedule; it only establishes the substantive filing obligation and identifies the affected insurer classes.

Key obligations

• Class D and Class E insurers that do not carry on domestic business must provide a completed Asset and Liability Statement as prescribed by the Authority.
• Class C insurers that do not carry on domestic business must provide a completed Asset and Liability Statement as prescribed by the Authority.

Applies to

Class C insurers, Class D insurers, Class E insurers