Removed 1st May 2009 and replaced with universal application process. (http://www.fsc.gi/fsc/applications.htm)

Financial Services Guidance Note No. 2

Intended to assist companies in the preparation of the annual accounts and statements in respect of general business which must be submitted to the Commissioner of Insurance. (Revised on 18/3/2004)

Intended to assist companies in the preparation of the annual accounts and statements in respect of long term business which must be submitted to the Commissioner of Insurance. (Revised on 18/3/2004)

Sets out the circumstances in which these abbreviated returns may be used and provides guidance in their preparation. (Revised on 18/3/2004)

This Guidance Note deals with the requirements for general business insurers and reinsurers who wish to report using the New Returns format.

To explain the way persons (for example, controllers, shareholders, directors, managers and main agents of insurance companies) must be notified to the Commissioner.

Prepared to assist licensed insurers, their auditors and others who may be concerned in the valuation of an insurer’s assets and liabilities. (This Guidance Note was revised on 19th September 1997)

These notes impact, in particular, on an important aspect of the criteria, set out in the third directives, against which it can be judged whether insurers are managing their business in a sound and prudent manner.

Provides guidance for insurers on the controls which should be in place in order to ensure that the amounts set aside for claims outstanding and for claims handling expenses are appropriately established, properly recorded and effectively monitored.

Issued to insurance brokers licensed under the Financial Services Ordinance, as well as to licensed insurers and their advisers. The Note offers guidance on the information which is required, under the third insurance directives, to be given to policyholders.

Issued to insurance brokers licensed under the Financial Services Ordinance, as well as to licensed insurers and their advisers. The Notes offer guidance on the information which is required, under the third insurance directives, to be given to policyholders.

Deals with the reporting of derivatives as required by regulation 23 and Forms INS 9 of the Insurance Companies (Accounts and Statements) Regulations 1998. (This note was revised in March 1999 to reflect the replacement of the earlier, 1996 Regulations, by the 1998 Regulations).

The "single passport" explains the significance of the single passport and outlines the procedures a Gibraltar insurer must follow in order to open branches or provide services in EEA States.

This note discusses valuation issues surrounding the use of derivative contracts in those funds of an insurer which are subject to "asset valuation rules."

This guidance discusses the changes made to the Insurance Companies (Valuation of Assets and Liabilities) Regulations in March 1997. It concentrates on the aspects of linked contracts which are relatively new or potentially problematic.

This guidance relates to the parent undertaking solvency calculation required by the Insurance Groups Directive and implemented by the Insurance Companies (Parent Undertaking Solvency Margin Calculation) Regulations 2004 "the Regulations").