| 1 | GENERAL PROVISIONS | 1 |
| 1.1 | Application | 1 |
6.2 Classification of contracts ...24 6.3 Accounting standards and principles ...24 6.4 Adjustments to accounting values ...24 6.5 General requirements: methods of valuation and systems and controls ...25 6.6 General requirements: marking to market ...25 6.7 General requirements: independent price verification ...26 6.8 General requirements: valuation adjustments ...26 6.9 Recognition and measurement of Insurance Liabilities and establishment of technical provisions ...26 6.10 Recognition and measurement of insurance assets and incurred liabilities in respect of General Insurance ...28 6.11 Recognition and measurement of assets and incurred liabilities in respect of Long- Term Insurance ...28 6.12 Discount rates ...29 6.13 Transfer of risk by a Captive Insurer to an ISPV ...30 6.14 Recognition of reinsurance receivables ...30
7 ACTUARIAL REPORTING ... 31
7.1 Introduction ...31 7.2 Obligations of Captive Insurers conducting General Insurance Business ...31 7.3 Obligations of Captive Insurers conducting Long-Term Insurance Busine...