Insurance Rules applicable as from 1st January 2016


INSURANCE RULES ISSUED UNDER THE INSURANCE BUSINESS ACT (CAP. 403)

Introduction

Table of Contents

Glossary

Part A – Authorisation Requirements Applicable under the Insurance Business Act

Chapter 1: The Application Process

Chapter 2: Fit and Proper Criteria, Notification and Assessment

Chapter 3: Prudential assessment of acquisitions and increase of holdings in authorised undertakings

Chapter 4: Authorisation to Act as Approved Auditor

Part B – Conditions for carrying on Business of Insurance

Chapter 5: Valuation of assets and liabilities, technical provisions, own funds, Solvency Capital Requirement, Minimum Capital Requirement and investment rules

Chapter 6: System of Governance

Chapter 7: Separate Management of Long Term Business and General Business

Chapter 8: Financial Statements and Supervisory Reporting Requirements

Chapter 9: Freedom of Establishment and Freedom to provide Services by a European Insurance Undertaking and a European Reinsurance Undertaking

Chapter 10: Freedom of Establishment and Freedom to provide Services by a Maltese Insurance Undertaking and a Maltese Reinsurance Undertaking

Chapter 11: Provisions applicable to specific classes of general business of insurance

Chapter 12: Conduct of Business Rules

Chapter 13: General Principles of Supervision Rules

Part C - Other Provisions

Chapter 14:  Reinsurance Special Purpose Vehicles

Chapter 15:  Phasing-in measures for Solvency II Implementation