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Under the Insurance Business Act (Cap 403), the term “insurance directive” has been replaced with the term “insurance rule”. The Insurance Business Unit is in the process of replacing its Insurance Directives into Insurance Rules. Accordingly, in the future, all Insurance Directives will be replaced by Rules and the current directory “Insurance Directives” on the MFSA’s website will be replaced by Insurance Rules”.


>>    (Preliminary) - Preliminary
>>    (Rule 1 of 2007) - Own Funds of Companies Carrying on Business of Insurance
>>    (Rule 2 of 2007) - Criteria of Fitness and Properness
>>    (Rule 3 of 2007) - Information for Policyholders
>>    (Rule 4 of 2008) - Specified Effective Period with Respect to Certain Contracts of Long Term Business
>>    (Rule 5 of 2008) - Mutual Associations
>>    (Rule 6 of 2007) - Schemes of Operations Relating to Business of Insurance

>>    (Rule 7 of 2009) - Separate Management of Long Term Business and General Business
>>    (Rule 8 of 2008) - Qualifications of Individuals Who Are Responsible for the Effective Management of Insurance and Reinsurance Companies or Branches Thereof

>>    (Rule 9 of 2007) - Repeal of Insurance Directive 9 of 1999 - Commercial Business Which May be Stated in the Objects of Companies Acting as Insurance Agents
>>    (Rule 10 of 2007) - Repeal of Insurance Directive 10 of 1999 - Schemes of Operations Relating to Business of Insurance and Other Activities to be Carried on in the Case of Insurance Agents and Insurance Managers
>>    (Rule 11 of 2007) - Repeal of Insurance Directive 11 of 1999 - Monies Held in a Fiduciary Capacity
>>    (Rule 12 of 2007) - Business of Insurance Statements
>>    (Rule 13 of 2008) - Publicity Given to Notices to Cease to Carry on Business of Insurance
>>    (Rule 14 of 2008) - Insurance Advertisement and Other Promotional Activities

>>    (Rule 15 of 2008) - Appointments and Changes of Director, Controller or Senior Manager
>>    (Rule 16 of 2007) - Zone of Countries
>>    (Rule 17 of 2009) - Authorisation to act as approved auditor
>>    (Rule 18 of 2008) - Close Links
>>    (Rule 19 of 2008) - Legal Expenses Insurance
>>    (Rule 20 of 2009) - Assistance Insurance
>>    (Rule 21 of 2007) - Business of Affiliated Insurance

>>    (Rule 22 of 2009) - Exercise of Passport Rights by European Insurance Undertakings - Establishment
>>    (Rule 23 of 2009) - Exercise of Passport Rights by European Insurance Undertakings - Services
>>    (Rule 24 of 2009) - Exercise of Passport Rights by Maltese Insurance Undertakings - Establishment
>>    (Rule 25 of 2009) - Exercise of Passport Rights by Maltese Insurance Undertakings - Services
>>    (Rule 26 of 2008) - Export Credit Insurance
>>    (Rule 27 of 2009) - Insurers’ Internal Controls
>>    (Rule 28 of 2008) - Insurance Companies carrying on Business of Insurance through the Internet
>>    (Rule 29 of 2009) - Prudential assessment of acquisitions and increase of holding in authorised companies


Preliminary Preliminary
Preliminary
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Rule 1 of 2007 Own Funds of Companies Carrying on Business of Insurance
Own Funds of Companies Carrying on Business of Insurance
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Rule 2 of 2007 Criteria of Fitness and Properness
Criteria of Fitness and Properness
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Rule 3 of 2007 Information for Policyholders
Information for Policyholders
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Rule 4 of 2008 Specified Effective Period with Respect to Certain Contracts of Long Term Business
Specified Effective Period with Respect to Certain Contracts of Long Term Business
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Rule 5 of 2008 Mutual Associations
Mutual Associations
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Rule 6 of 2007 Schemes of Operations Relating to Business of Insurance
Schemes of Operations Relating to Business of Insurance
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Rule 7 of 2009 Separate Management of Long Term Business and General Business
Separate Management of Long Term Business and General Business
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Rule 8 of 2008 Qualifications of Individuals Who Are Responsible for the Effective Management of Insurance and Reinsurance Companies or Branches Thereof
Qualifications of Individuals Who Are Responsible for the Effective Management of Insurance and Reinsurance Companies or Branches Thereof
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Rule 9 of 2007 Repeal of Insurance Directive 9 of 1999 - Commercial Business Which May be Stated in the Objects of Companies Acting as Insurance Agents
Repeal of Insurance Directive 9 of 1999 - Commercial Business Which May be Stated in the Objects of Companies Acting as Insurance Agents
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Rule 10 of 2007 Repeal of Insurance Directive 10 of 1999 - Schemes of Operations Relating to Business of Insurance and Other Activities to be Carried on in the Case of Insurance Agents and Insurance Managers
Repeal of Insurance Directive 10 of 1999 - Schemes of Operations Relating to Business of Insurance and Other Activities to be Carried on in the Case of Insurance Agents and Insurance Managers
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Rule 11 of 2007 Repeal of Insurance Directive 11 of 1999 - Monies Held in a Fiduciary Capacity
Repeal of Insurance Directive 11 of 1999 - Monies Held in a Fiduciary Capacity
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Rule 12 of 2007 Business of Insurance Statements
Business of Insurance Statements
Part A Part 1 - General Business - Statistical, Underwriting & Claims Information - Forms 1 to 30
Part A Part 2 - General Business - Statistical, Underwriting & Claims Information - Forms 31 to 58
Part A Part 3 - General Business - Statistical, Underwriting & Claims Information - Forms 59 to 74
Part A Part 4 - General Business - Statistical, Underwriting & Claims Information - Forms 75 to 98
Part B - General Business - Technical Results
Part C - Solvency & Capital Adequacy
Part C - Solvency & Capital Adequacy (effective as from 01.01.2010)
Part D Part 1 - Long Term Business - Statistical & Technical Results
Part D Part 2 - Long Term Business of Insurance Statements
Part D Part 2 – Instructions to Complete Forms 1-20
Part D Part 3 – Abstract of the Valuation Report Prepared by the Appointed Actuary
Part E – Certificate by Directors & Actuary & Report of the Auditors
Part F – Glossary of Terms
Part G – Business Groupings
Part H – Guidance on Completion of the Business of Insurance Statements
Part I Part 1 – Outward Reinsurance Business
Part I Part 2 – Passporting
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Rule 13 of 2008 Publicity Given to Notices to Cease to Carry on Business of Insurance
Publicity Given to Notices to Cease to Carry on Business of Insurance
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Rule 14 of 2008 Insurance Advertisement and Other Promotional Activities
Insurance Advertisement and Other Promotional Activities
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Rule 15 of 2008 Appointments and Changes of Director, Controller or Senior Manager
Appointments and Changes of Director, Controller or Senior Manager
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Rule 16 of 2007 Zone of Countries
Zone of Countries
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Rule 17 of 2009 Authorisation to act as approved auditor
Authorisation to Act as Approved Auditor
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Rule 18 of 2008 Close Links
Close Links
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Rule 19 of 2008 Legal Expenses Insurance
Legal Expenses Insurance
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Rule 20 of 2009 Assistance Insurance
Assistance Insurance
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Rule 21 of 2007 Business of Affiliated Insurance
Business of Affiliated Insurance
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Rule 22 of 2009 Exercise of Passport Rights by European Insurance Undertakings - Establishment
Exercise of Passport Rights by European Insurance Undertakings - Establishment
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Rule 23 of 2009 Exercise of Passport Rights by European Insurance Undertakings - Services
Exercise of Passport Rights by European Insurance Undertakings - Services
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Rule 24 of 2009 Exercise of Passport Rights by Maltese Insurance Undertakings - Establishment
Exercise of Passport Rights by Maltese Insurance Undertakings - Establishment
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Rule 25 of 2009 Exercise of Passport Rights by Maltese Insurance Undertakings - Services
Exercise of Passport Rights by Maltese Insurance Undertakings - Services
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Rule 26 of 2008 Export Credit Insurance
Export Credit Insurance
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Rule 27 of 2009 Insurers’ Internal Controls
Insurers’ Internal Controls
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Rule 28 of 2008 Insurance Companies carrying on Business of Insurance through the Internet
Insurance Companies carrying on Business of Insurance through the Internet
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Rule 29 of 2009 Prudential assessment of acquisitions and increase of holding in authorised companies
Prudential assessment of acquisitions and increase of holding in authorised companies
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