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Regulations regarding reserves liabilities, valuation of assets, reinsurance cessions and solvency certificates.
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12.—The Minister may make regulations for the proper exercise of his functions under the Insurance Acts in respect of the following—
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(a) the calculation of technical or mathematical reserves representing underwriting liabilities,
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(b) the valuation of assets of an insurance undertaking,
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(c) the nature and spread of assets representing underwriting liabilities and the localisation and matching of such assets,
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(d) the calculation of underwriting liabilities,
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(e) reinsurance cessions of authorised undertakings including information which undertakings must supply in respect of their reinsurance arrangements,
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(f) the procedure, conditions and forms to be involved in the issue of a solvency certificate,
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(g) the prohibition or limitation of investments of a specified class or description,
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(h) the percentage of distributed surplus allocated to policyholders.
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