Insurance Company Registration Renewal Requirements

Requirements for Insurers

The following regulatory forms will assist the entity to comply with the different sections of the Act, whether to do with registration or submission of statutory periodical reports.

1. Registration

• APPLICATION FOR REGISTRATION AS AN INSURER FORM - SIA 1
• PARTICULARS OF PRINCIPAL REPRESENTATIVE AND DIRECTORS Form SIA 1A
• APPLICATION FOR APPROVAL TO PROVIDE AN ADDITIONAL CLASS OF INSURANCE Form SIA 1B
• APPLICATION FOR RENEWAL OF REGISTRATION AS AN INSURER FORM SIA 1C
• APPLICATION FOR APPROVAL OF AUDITOR Form SIA 3
• APPLICATION FOR APPROVAL OF VALUATOR Form SIA 5
• APPLICATION FOR REGISTRATION OF AN INVESTMENT  or ASSET MANAGER Form SIA 7
• APPLICATION FOR CHANGE OF NAME Form - SIA 9

2. Amalgamation/Transfer

• APPLICATION FOR AMALGAMATION or TRANSFER or MERGER or TAKE OVER OF INSURACE BUSINESS Form SIA 11

3. Financial statements

• LONG TERM INSURANCE BUSINESS - INCOME STATEMENT Form SIA 13 -
• SHORT TERM INSURANCE BUSINESS – INCOME STATEMENTS - SIA 13A
• LONG TERM BUSINESS - BALANCE SHEET - Form SIA 14
• SHORT TERM INSURANCE BUSINESS – BALANCE SHEET - SIA 14A 

4. Unaudited quarterly and annual returns

• LONG TERM INSURANCE BUSINESS – UNAUDITED QUARTERLY RETURNS - Form SIA 15
• SHORT-TERM INSURANCE BUSINESS UNAUDITED QUARTERLY RETURN  Form SIA 15 A

5. Valuation

• REQUIREMENTS IN RESPECT OF ACTUARIAL VALUATIONS FOR LONG TERM INSURANCE - Form RDI 6
• CALCULATION OF LIABILITIES AND RESERVES FOR SHORT TERM INSURANCE - Form RDI 7