Report and Remittance Rules for Insurance Foreign Exchange

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IC Circular Letter No. 2015-09: Report and Remittance Rules for Insurance Foreign Exchange

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Title Supreme Court: Report and Remittance Rules for Insurance Foreign Exchange

Law: Ic Circular Letter No. 2015-09

Decision Date: Mar 13, 2015

Effective March 2015, insurance companies are mandated to submit a monthly consolidated report on foreign exchange receipts and remittances related to reinsurance transactions, certified by a senior officer, while applications for remittances of net profits or dividends must include specific supporting documents to ensure compliance with the Insurance Code.

foreign exchange

remittances

net profits

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