Guernsey Introduces New Rules For Insurers
by Jason Gorringe, Lowtax.net, London
01 May, 2015
The Guernsey Financial Services Commission has issued new solvency requirements for licensed insurers, beginning a "new risk-based solvency framework."
The Insurance Business (Solvency) Rules became effective on May 1, 2015, and the relevant rules, guidance, and other documents can now be found on the insurance section of the Commission's website.
Transitional relief will be offered until April 30, 2016.
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