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  • Preparation and Deposit of the Insurance Firm Return

    • BR-1.1.26

      Every Insurance Firm Return, including the Actuary's Certificate made pursuant to Paragraph BR-1.1.18 and any report made by the actuary pursuant to Paragraph BR-1.1.22 and/or Paragraph BR-1.1.22A, whichever is applicable, must be submitted to the CBB electronically within 3 months of the financial year end.

      Amended: October 2023
      Amended: April 2014
      Amended: October 2007
      Amended: January 2007

    • BR-1.1.27

      If the CBB notifies the insurance firm that a document deposited under Paragraph BR-1.1.26 appears to be inaccurate or incomplete, the insurance firm must consider the matter and within one month of the CBB notification, it must correct any inaccuracies and make good any omissions and submit the amended parts of the Insurance Firm Return.

      Amended: January 2007

    • BR-1.1.28

      The external auditor and actuary must consider the impact on their report of any amendment referred to in Paragraph BR-1.1.27, and withdraw and correct their original report based on the revised information.

      Amended: January 2007
      Amended: October 2007

    • BR-1.1.29

      The audited financial statements submitted to the shareholders and policyholders (or participants, in the case of Takaful companies) of the insurance firm and the management letter issued by the external auditor must be deposited with every Insurance Firm Return in respect of the financial year to which the Insurance Firm Return relates.

      Amended: April 2014
      Amended: October 2007
      Amended: January 2007

    • BR-1.1.29A

      For Takaful firms, the audited financial statements submitted to the CBB along with the IFR, must provide a detailed breakdown of the statement of financial position and statement of comprehensive income for the shareholder fund and for any participant fund(s) of the Takaful firm.

      Added: April 2014

    • BR-1.1.30

      [This Paragraph was deleted in October 2023].

      Deleted: October 2023
      Amended: October 2007

    • BR-1.1.31

      [This Paragraph was deleted in October 2023].

      Deleted: October 2023