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