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SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
Life: SIF - Non-Participating
122007
Description
ASSETS
Equity securities
Debt securities
Land and buildings
Loans
Cash and deposits
Other invested assets
Investment income due or accrued
Outstanding premiums and agents' balances
Deposits withheld by cedants
Reinsurance recoverables (on paid claims)
Income tax recoverables
Fixed assets
Inter-fund balances and intra group balances (due from)
Other assets
Total Assets (1 to 14)
LIABILITIES
Policy liabilities
Other liabilities:
Outstanding claims
Annuities due and unpaid
Reinsurance deposits
Amounts owing to insurers
Bank loans and overdrafts
Inter-fund balances and intra-group balances (due to)
Others
Total Liabilities (16 to 23)
SURPLUS (15 - 24)
Annex
1A
1B
1C
1D
1E
1F
1G
1H
1I
1J
1K
1L
1M
1N
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Amount
0
0
0
0
1,315,965
0
0
0
0
0
6,250
0
0
64,960
1,387,175
0
0
0
0
131,145
0
121,789
0
252,934
1,134,241
12/06/2012 03:37 PM
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
ANNUAL RETURN: FORM 1 - FUND BALANCE SHEET
Reporting Cycle:
Life: OIF - Non-Participating
122007
Description
ASSETS
Equity securities
Debt securities
Land and buildings
Loans
Cash and deposits
Other invested assets
Investment income due or accrued
Outstanding premiums and agents' balances
Deposits withheld by cedants
Reinsurance recoverables (on paid claims)
Income tax recoverables
Fixed assets
Inter-fund balances and intra group balances (due from)
Other assets
Total Assets (1 to 14)
LIABILITIES
Policy liabilities
Other liabilities:
Outstanding claims
Annuities due and unpaid
Reinsurance deposits
Amounts owing to insurers
Bank loans and overdrafts
Inter-fund balances and intra-group balances (due to)
Others
Total Liabilities (16 to 23)
SURPLUS (15 - 24)
Annex
1A
1B
1C
1D
1E
1F
1G
1H
1I
1J
1K
1L
1M
1N
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Amount
0
0
0
0
11,846,012
0
13,523
487,207
0
0
143,019
415,527
121,789
1,767,657
14,794,734
128,040
0
0
0
199,833
0
4,342,967
1,327,537
5,998,377
8,796,357
12/06/2012 03:37 PM
Life: SIF - Non-Participating
Description
Equity securities other than collective investment schemes
Collective investment schemes
Total (1 to 2) = Row 1 of Form 1
Row No.
1
2
3
Listed
0
0
Unlisted
0
0
Amount
0
0
0
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES
12/06/2012 03:37:43 PM
Life: OIF - Non-Participating
Description
Equity securities other than collective investment schemes
Collective investment schemes
Total (1 to 2) = Row 1 of Form 1
Row No.
1
2
3
Listed
0
0
Unlisted
0
0
Amount
0
0
0
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1A - INVESTMENT IN EQUITY SECURITIES
12/06/2012 03:37:43 PM
Life: SIF - Non-Participating
Description
Government debt securities
Qualifying debt securities
Other debt securities
Total (1 to 3) = Row 2 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES
12/06/2012 03:37:43 PM
Life: OIF - Non-Participating
Description
Government debt securities
Qualifying debt securities
Other debt securities
Total (1 to 3) = Row 2 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1B - INVESTMENT IN DEBT SECURITIES
12/06/2012 03:37:43 PM
Life: SIF - Non-Participating
122007
R977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1C - INVESTMENT IN LAND AND BUILDINGS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Location and Descriptionof Land and Buildings Row No. Cost
LastRevaluation
Date
Last ReportedAmount
Changes fromLast Reported
AmountAmount
Total = Row 3 of Form 1 21 0
12/06/2012 03:37:59 PM
Life: OIF - Non-Participating
122007
R977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1C - INVESTMENT IN LAND AND BUILDINGS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Location and Descriptionof Land and Buildings Row No. Cost
LastRevaluation
Date
Last ReportedAmount
Changes fromLast Reported
AmountAmount
Total = Row 3 of Form 1 21 0
12/06/2012 03:37:59 PM
Life: SIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS
Description
Policy loans
Mortgage loans
Other secured loans
Unsecured loans
Total (1 to 4) = Row 4 of Form 1
Row No.
1
2
3
4
5
Amount Outstanding
0
0
0
0
Provision for DoubtfulLoans
0
0
0
0
Amount
0
0
0
0
0
12/06/2012 03:37:43 PM
Life: OIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1D - INVESTMENT IN LOANS
Description
Policy loans
Mortgage loans
Other secured loans
Unsecured loans
Total (1 to 4) = Row 4 of Form 1
Row No.
1
2
3
4
5
Amount Outstanding
0
0
0
0
Provision for DoubtfulLoans
0
0
0
0
Amount
0
0
0
0
0
12/06/2012 03:37:43 PM
Life: SIF - Non-Participating 2007 12Reporting Cycle:
R977L
ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description
Derivatives
Options:
(a) Call options
(b) Put options
(c) Swaptions
(d) Other options
Total investments in options (1 to 4)
Futures contracts:
(a) Currency futures contracts
(b) Interest rate futures contracts
(c) Other futures contracts
Total investments in futures contracts (6 to 8)
Forward contracts:
(a) Currency forward contracts
(b) Interest rate forward contracts
(c) Other forward contracts
Total investments in forward contracts (10 to 12)
Swaps:
(a) Interest rate swaps
(b) Currency swaps
(c) Other swaps
Total investments in swaps (14 to 16)
Other derivatives
Total investments in derivatives (5 + 9 + 13 + 17 + 18)
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
NotionalPrincipalAmount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other invested assets excluding derivatives
12/06/2012 03:37 PM
Total investments in other invested assets excludingderivatives 40 0
Total = Row 6 of Form 1 41 0
12/06/2012 03:37 PM
Life: OIF - Non-Participating 2007 12Reporting Cycle:
R977L
ANNUAL RETURN: ANNEX 1E - BREAKDOWN OF OTHER INVESTED ASSETS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description
Derivatives
Options:
(a) Call options
(b) Put options
(c) Swaptions
(d) Other options
Total investments in options (1 to 4)
Futures contracts:
(a) Currency futures contracts
(b) Interest rate futures contracts
(c) Other futures contracts
Total investments in futures contracts (6 to 8)
Forward contracts:
(a) Currency forward contracts
(b) Interest rate forward contracts
(c) Other forward contracts
Total investments in forward contracts (10 to 12)
Swaps:
(a) Interest rate swaps
(b) Currency swaps
(c) Other swaps
Total investments in swaps (14 to 16)
Other derivatives
Total investments in derivatives (5 + 9 + 13 + 17 + 18)
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
NotionalPrincipalAmount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
Other invested assets excluding derivatives
12/06/2012 03:37 PM
Total investments in other invested assets excludingderivatives 40 0
Total = Row 6 of Form 1 41 0
12/06/2012 03:37 PM
2007 12Reporting Cycle:Life: SIF - Non-Participating
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
ANNUAL RETURN: ANNEX 1F(c) - AGEING OF OUTSTANDING PREMIUMS AND AGENTSBALANCES OF REINSURER
Description
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
Outstanding period
Up to 6 months
Above 6 months but not exceeding 12 months
Above 12 months but not exceeding 24 months
Above 24 months
Gross total (2 to 5)
Provision for doubtful debts
Total (6 - 7) = Row 8 of Form 1
RowNo.
1
2
3
4
5
6
7
8
Amount
0
0
0
0
0
0
0
0
Note: Outstanding period commences from the date premiums are accrued in the books of the reinsurer.
12/06/2012 03:37 PM
2007 12Reporting Cycle:Life: OIF - Non-Participating
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
ANNUAL RETURN: ANNEX 1F(c) - AGEING OF OUTSTANDING PREMIUMS AND AGENTSBALANCES OF REINSURER
Description
Bad debts written off during the year
Ageing of outstanding premiums and agents' balances:
Outstanding period
Up to 6 months
Above 6 months but not exceeding 12 months
Above 12 months but not exceeding 24 months
Above 24 months
Gross total (2 to 5)
Provision for doubtful debts
Total (6 - 7) = Row 8 of Form 1
RowNo.
1
2
3
4
5
6
7
8
Amount
0
487,207
0
0
0
487,207
0
487,207
Note: Outstanding period commences from the date premiums are accrued in the books of the reinsurer.
12/06/2012 03:37 PM
Life: SIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1G - STATEMENT OF REINSURANCE RECOVERABLES
Description
Reinsurance recoveries on unpaid claims
Reinsurance recoverables written off during the year
Ageing of reinsurance recoverables (on paid claims):
Outstanding period
Up to 1 year
Above 1 year but not exceeding 2 years
Above 2 years
Total (3 to 5)
Provision for doubtful reinsurance recoverables
Total (6 - 7) = Row 10 of Form 1
Row No.
1
2
3
4
5
6
7
8
Amount
0
0
0
0
0
0
0
0
12/06/2012 03:37 PM
Life: OIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1G - STATEMENT OF REINSURANCE RECOVERABLES
Description
Reinsurance recoveries on unpaid claims
Reinsurance recoverables written off during the year
Ageing of reinsurance recoverables (on paid claims):
Outstanding period
Up to 1 year
Above 1 year but not exceeding 2 years
Above 2 years
Total (3 to 5)
Provision for doubtful reinsurance recoverables
Total (6 - 7) = Row 10 of Form 1
Row No.
1
2
3
4
5
6
7
8
Amount
0
0
0
0
0
0
0
0
12/06/2012 03:37 PM
Life: SIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1H - FIXED ASSETS
Description
Motor vehicles
Computer equipment
Other fixed assets
Total (1 to 3) = Row 12 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
12/06/2012 03:37 PM
Life: OIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1H - FIXED ASSETS
Description
Motor vehicles
Computer equipment
Other fixed assets
Total (1 to 3) = Row 12 of Form 1
Row No.
1
2
3
4
Amount
0
120,213
295,314
415,527
12/06/2012 03:37 PM
Life: SIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1I - INTER-FUND BALANCES AND
Description
Balances due from head office / shareholders fund
Balances due from overseas branches / related corporations
Balances due from other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 13 of Form 1
Row No.
1
2
3
4
Amount
0
0
0
0
INTRA-GROUP BALANCES (DUE FROM)
12/06/2012 03:37 PM
Life: OIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1I - INTER-FUND BALANCES AND
Description
Balances due from head office / shareholders fund
Balances due from overseas branches / related corporations
Balances due from other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 13 of Form 1
Row No.
1
2
3
4
Amount
0
0
121,789
121,789
INTRA-GROUP BALANCES (DUE FROM)
12/06/2012 03:37 PM
Life: SIF - Non-Participating
Description Row No. Amount
Translation Loss 1 64,960
Total = Row 14 of Form 1 26 64,960
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
2007 12
ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS
Reporting Cycle:
12/06/2012 03:37 PM
Life: OIF - Non-Participating
Description Row No. Amount
Deferred Acquisition Cost 1 297,657
Prepayments& Deposits 2 440,458
GST Recoverable 3 31,141
Translation Loss 4 998,401
Total = Row 14 of Form 1 26 1,767,657
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
2007 12
ANNUAL RETURN: ANNEX 1J - BREAKDOWN OF OTHER ASSETS
Reporting Cycle:
12/06/2012 03:37 PM
Life: SIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1L - INTER-FUND BALANCES AND
Description
Balances due to head office / shareholders fund
Balances due to overseas branches / related corporations
Balances due to other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 22 of Form 1
Row No.
1
2
3
4
Amount
0
0
121,789
121,789
INTRA-GROUP BALANCES (DUE TO)
12/06/2012 03:37 PM
Life: OIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1L - INTER-FUND BALANCES AND
Description
Balances due to head office / shareholders fund
Balances due to overseas branches / related corporations
Balances due to other insurance funds established andmaintained under the Act
Total (1 to 3) = Row 22 of Form 1
Row No.
1
2
3
4
Amount
3,050,935
1,292,032
0
4,342,967
INTRA-GROUP BALANCES (DUE TO)
12/06/2012 03:37 PM
Life: SIF - Non-Participating
Description Row No. Amount
Total = Row 23 of Form 1 26 0
Reporting Cycle: 122007
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS
12/06/2012 03:37 PM
Life: OIF - Non-Participating
Description Row No. Amount
Provision for Tax Agent Fees 1 24,918
Provision for Actuary Fees 2 69,788
Provision for Bonus 3 561,085
Provision for Unutilised Leave 4 72,202
Provision for Marketing Costs 5 561,255
Other Accruals 6 38,289
Total = Row 23 of Form 1 26 1,327,537
Reporting Cycle: 122007
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
ANNUAL RETURN: ANNEX 1M - BREAKDOWN OF OTHERS
12/06/2012 03:37 PM
Life: SIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1N - SURPLUS
Description
Surplus at beginning of period
Net income
Transfer (to) from head office / shareholders fund
Surplus at End of Period (1 to 3) = Row 25 of Form 1
Row No.
1
2
3
4
Amount
419,870
116,471
597,900
1,134,241
12/06/2012 03:37 PM
Life: OIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1N - SURPLUS
Description
Surplus at beginning of period
Net income
Transfer (to) from head office / shareholders fund
Surplus at End of Period (1 to 3) = Row 25 of Form 1
Row No.
1
2
3
4
Amount
9,165,535
-6,348,178
5,979,000
8,796,357
12/06/2012 03:37 PM
Life: SIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1(i) - INFORMATION IN RESPECT OF REDUCTION IN VALUE OF LIABILITIES
DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF LIFE BUSINESS
Description
Registered insurer
Authorised reinsurer / related corporation / head office/ branch of head office of the registered insurer
Unregistered reinsurer
Total (1 to 3)
Row No.
1
2
3
4
Participatingpolicies
0
0
0
0
Non-participatingpolicies
0
0
0
0
Investment-linkedpolicies
0
0
0
0
Amount
0
0
0
0
12/06/2012 03:37:43 PM
Life: OIF - Non-Participating
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: ANNEX 1(i) - INFORMATION IN RESPECT OF REDUCTION IN VALUE OF LIABILITIES
DUE TO REINSURANCE CEDED TO REINSURERS IN RESPECT OF LIFE BUSINESS
Description
Registered insurer
Authorised reinsurer / related corporation / head office/ branch of head office of the registered insurer
Unregistered reinsurer
Total (1 to 3)
Row No.
1
2
3
4
Participatingpolicies
0
0
0
0
Non-participatingpolicies
0
0
697,312
697,312
Investment-linkedpolicies
0
0
0
0
Amount
0
0
697,312
697,312
12/06/2012 03:37:43 PM
Description of Assets and Name of Investee Company
Name of company: NIL
Equity securities
Debt securities
Secured loans
Unsecured loans
Other invested assets
Row No.
1
2
3
4
5
No. of Units
0
0
0
0
0
Cost
0
0
0
0
0
Amount
0
0
0
0
0
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
A RELATED CORPORATION OF REGISTERED INSURER
ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN
Reporting Cycle:
R977L
2007 12
Life: SIF - Non-Participating
12/06/2012 03:38:01 PM
Description of Assets and Name of Investee Company
Name of company: NIL
Equity securities
Debt securities
Secured loans
Unsecured loans
Other invested assets
Row No.
1
2
3
4
5
No. of Units
0
0
0
0
0
Cost
0
0
0
0
0
Amount
0
0
0
0
0
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
A RELATED CORPORATION OF REGISTERED INSURER
ANNUAL RETURN: ANNEX 1(iii) - INFORMATION IN RESPECT OF INVESTMENTS IN
Reporting Cycle:
R977L
2007 12
Life: OIF - Non-Participating
12/06/2012 03:38:01 PM
Life: SIF - Non-Participating
R977L
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Note 1 The aggregate amounts of loans to and amounts due from - Amount
(a) Directors 0
(b) Employees of the registered insurer 0
Note 3 - Description of any change in accounting policies and methodologies in the valuation ofassets and liabilities and the quantification of their effects.
NIL
Note 4 - Description of any prior adjustment and correction for errors and reasons for theadjustments and corrections.
NIL
Note 5 In respect of financial guarantee business - Amount
(a) where premiums are payable in instalments, the present value of futureinstalment premiums payable by the insured in a future accounting period 0
and discount rate used 0
(b) where the premiums are payable in full at the commencement of the policy ofinsurance, the full amount of the premiums payable by the insured in the accountingperiod in which the policy commences.
0
12/06/2012 03:38 PM
Life: OIF - Non-Participating
R977L
ANNUAL RETURN: NOTES TO FORM 1
Reporting Cycle: 122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Note 1 The aggregate amounts of loans to and amounts due from - Amount
(a) Directors 0
(b) Employees of the registered insurer 0
Note 3 - Description of any change in accounting policies and methodologies in the valuation ofassets and liabilities and the quantification of their effects.
NIL
Note 4 - Description of any prior adjustment and correction for errors and reasons for theadjustments and corrections.
NIL
Note 5 In respect of financial guarantee business - Amount
(a) where premiums are payable in instalments, the present value of futureinstalment premiums payable by the insured in a future accounting period 0
and discount rate used 0
(b) where the premiums are payable in full at the commencement of the policy ofinsurance, the full amount of the premiums payable by the insured in the accountingperiod in which the policy commences.
0
12/06/2012 03:38 PM
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Reporting Cycle: 122007
ANNUAL RETURN: FORM 1 - ADDITIONAL INFORMATION
NIL
12/06/2012 03:37 PM
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 12
Life: SIF - Non-Participating
Description
Gross premiums
Less: Outward reinsurance premiums
Investment revenue
Less: Investment expenses
Other income
Total Income (1 to 5)
Gross claims settled
Less: Reinsurance recoveries
Management expenses
Distribution expenses
Increase (decrease) in net policy liabilities
Provision for doubtful debts/ bad debts written off on receivables
Taxation expenses
Other expenses
Total Outgo (7 to 14)
Net Income (6 - 15)
Annex
2A
2B
2C
2D
2E
2F
2G
2H
2I
2J
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
8,197
0
31,488
0
37,917
77,602
0
0
261,168
163,743
(473,143)
0
(783)
10,146
(38,869)
116,471
2007
12/06/2012 03:37 PM
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
ANNUAL RETURN: FORM 2 - FUND PROFIT AND LOSS ACCOUNT
Reporting Cycle: 12
Life: OIF - Non-Participating
Description
Gross premiums
Less: Outward reinsurance premiums
Investment revenue
Less: Investment expenses
Other income
Total Income (1 to 5)
Gross claims settled
Less: Reinsurance recoveries
Management expenses
Distribution expenses
Increase (decrease) in net policy liabilities
Provision for doubtful debts/ bad debts written off on receivables
Taxation expenses
Other expenses
Total Outgo (7 to 14)
Net Income (6 - 15)
Annex
2A
2B
2C
2D
2E
2F
2G
2H
2I
2J
RowNo.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
10,530,311
10,235,107
451,965
0
0
747,169
2,723,741
2,723,741
6,567,309
107,051
115,646
0
(64,733)
370,074
7,095,347
(6,348,178)
2007
12/06/2012 03:37 PM
Life: SIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2A - PREMIUM REVENUE IN RESPECT
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Individual business:
Single premiums
Regular premiums - new business
Regular premiums - renewal business
Group business:
Premiums
Direct insurance premiums (1 to 4)
Inward reinsurance premiums
Total (5 to 6) = Row 1 of Form 2
Row No.
1
2
3
4
5
6
7
Amount
0
0
0
0
0
8,197
8,197
OF LIFE BUSINESS
12/06/2012 03:38:04 PM
Life: OIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2A - PREMIUM REVENUE IN RESPECT
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Individual business:
Single premiums
Regular premiums - new business
Regular premiums - renewal business
Group business:
Premiums
Direct insurance premiums (1 to 4)
Inward reinsurance premiums
Total (5 to 6) = Row 1 of Form 2
Row No.
1
2
3
4
5
6
7
Amount
0
0
0
0
0
10,530,311
10,530,311
OF LIFE BUSINESS
12/06/2012 03:38:04 PM
Life: SIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2B - OUTWARD REINSURANCE PREMIUMS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Registered insurer / foreign insurer under the foreign insurerscheme
Authorised reinsurer / related corporation / head office / branch ofhead office of the registered insurer
Unregistered reinsurer
Total (1 to 3) = Row 2 of Form 2
Row No.
1
2
3
4
Amount
0
0
0
0
12/06/2012 03:38:04 PM
Life: OIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2B - OUTWARD REINSURANCE PREMIUMS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Registered insurer / foreign insurer under the foreign insurerscheme
Authorised reinsurer / related corporation / head office / branch ofhead office of the registered insurer
Unregistered reinsurer
Total (1 to 3) = Row 2 of Form 2
Row No.
1
2
3
4
Amount
0
0
10,235,107
10,235,107
12/06/2012 03:38:04 PM
Life: SIF - Non-Participating
Description
Equity securities
Debt securities
Land and Buildings
Loans
Cash and deposits
Other invested assets
Total (1 to 6) = Row 3 of Form 2
Row No.
1
2
3
4
5
6
7
Interest / Dividend /Rental Income
0
0
0
0
31,488
0
Realised Gains(Losses) From Last
Reported Value /Write-backs(Write-offs)
0
0
0
0
0
0
Unrealised ChangesFrom Last Reported
Value
0
0
0
0
0
0
Amount
0
0
0
0
31,488
0
31,488
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: Annex 2C - Investment Revenue
12/06/2012 03:37:48 PM
Life: OIF - Non-Participating
Description
Equity securities
Debt securities
Land and Buildings
Loans
Cash and deposits
Other invested assets
Total (1 to 6) = Row 3 of Form 2
Row No.
1
2
3
4
5
6
7
Interest / Dividend /Rental Income
0
0
0
0
451,965
0
Realised Gains(Losses) From Last
Reported Value /Write-backs(Write-offs)
0
0
0
0
0
0
Unrealised ChangesFrom Last Reported
Value
0
0
0
0
0
0
Amount
0
0
0
0
451,965
0
451,965
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Reporting Cycle:
ANNUAL RETURN: Annex 2C - Investment Revenue
12/06/2012 03:37:48 PM
Life: SIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description Row No. Amount
Foreign Exchange Gain 1 37,917
Total = Row 5 of Form 2 26 37,917
12/06/2012 03:38:08 PM
Life: OIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2D - BREAKDOWN OF OTHER INCOME
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description Row No. Amount
Total = Row 5 of Form 2 26
12/06/2012 03:38:08 PM
Life: SIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description
Staff salaries & expenses
Office rent
Head office / parent company expenses
Directors' fees
Audit fees
Managing agent's fees
Repairs and maintenance
Public utilities
Printing, stationery and periodicals
Postage, telephone and telex charges
Computer charges
Hire of office equipment
Licence and association fees
Advertising and subscriptions
Entertainment
Travelling expenses
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
157,119
9,450
0
0
-2,218
0
1,069
219
330
4,287
1,383
0
1,649
3,933
765
0
General office expenses 1 168
Fixed assets expensed off 2 114
Bank charges 3 152
Tax, audit, legal, consulting, actuarial and corporate secretarial fees4 13,467
Non-recoverable GST 5 40
Management fee charged by Head office / related party 6 69,170
Miscellaneous 7 71
Total = Row 9 of Form 2 27 261,168
12/06/2012 03:38:11 PM
Life: OIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2F - MANAGEMENT EXPENSES
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description
Staff salaries & expenses
Office rent
Head office / parent company expenses
Directors' fees
Audit fees
Managing agent's fees
Repairs and maintenance
Public utilities
Printing, stationery and periodicals
Postage, telephone and telex charges
Computer charges
Hire of office equipment
Licence and association fees
Advertising and subscriptions
Entertainment
Travelling expenses
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
Amount
3,911,400
449,061
0
0
-40,471
0
26,037
6,948
12,500
93,693
25,238
0
30,089
119,038
95,988
222,460
General office expenses 1 7,069
Fixed assets expensed off 2 3,191
Bank charges 3 6,457
Tax, audit, legal, consulting, actuarial and corporate secretarial fees4 430,459
Non-recoverable GST 5 -30,730
Management fee charged by Head office / related party 6 1,195,977
Miscellaneous 7 2,905
Total = Row 9 of Form 2 27 6,567,309
12/06/2012 03:38:11 PM
Life: SIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2G - DISTRIBUTION EXPENSES IN RESPECT
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Individual business:
First period commissions - single premium
First period commissions - regular premium
Renewal commissions
Group business:
Commissions
Overriding commissions
Production and other bonuses
Trailer fees
Cost of benefits and services
Other cash payments
Total distribution cost excluding reinsurance commissions (1 to 9)
Reinsurance commissions
Total (10 - 11) = Row 10 of Form 2
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
Amount
0
0
0
0
0
0
0
0
0
0
-163,743
163,743
OF LIFE BUSINESS
12/06/2012 03:38:04 PM
Life: OIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2G - DISTRIBUTION EXPENSES IN RESPECT
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Individual business:
First period commissions - single premium
First period commissions - regular premium
Renewal commissions
Group business:
Commissions
Overriding commissions
Production and other bonuses
Trailer fees
Cost of benefits and services
Other cash payments
Total distribution cost excluding reinsurance commissions (1 to 9)
Reinsurance commissions
Total (10 - 11) = Row 10 of Form 2
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
Amount
0
0
0
0
0
0
0
0
0
0
-107,051
107,051
OF LIFE BUSINESS
12/06/2012 03:38:04 PM
Life: SIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2H - NET POLICY LIABILITIES IN RESPECT
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Net policy liabilities at end of period
Net policy liabilities at beginning of period
Increase (Decrease) in Net Policy Liabilities (1 - 2) = Row 11 of Form 2
Row No.
1
2
3
Amount
0
473,143
-473,143
OF LIFE BUSINESS
12/06/2012 03:38:04 PM
Life: OIF - Non-Participating
122007Reporting Cycle:
ANNUAL RETURN: ANNEX 2H - NET POLICY LIABILITIES IN RESPECT
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Net policy liabilities at end of period
Net policy liabilities at beginning of period
Increase (Decrease) in Net Policy Liabilities (1 - 2) = Row 11 of Form 2
Row No.
1
2
3
Amount
128,040
12,394
115,646
OF LIFE BUSINESS
12/06/2012 03:38:04 PM
Life: SIF - Non-Participating
ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES
Reporting Cycle:
R977L
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description Row No. Amount
Depreciation 1 10,146
Total = Row 14 of Form 2 26 10,146
12/06/2012 03:38:14 PM
Life: OIF - Non-Participating
ANNUAL RETURN: ANNEX 2I - BREAKDOWN OF OTHER EXPENSES
Reporting Cycle:
R977L
122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description Row No. Amount
Foreign Exchange Loss 1 64,424
Depreciation 2 305,650
Total = Row 14 of Form 2 26 370,074
12/06/2012 03:38:14 PM
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Reporting Cycle: 2007 12
ANNUAL RETURN: FORM 2 - ADDITIONAL INFORMATION
NIL
12/06/2012 03:37 PM
Life: Singapore Insurance Fund
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
122007Reporting Cycle:
ANNUAL RETURN: FORM 5 - STATEMENT IN RESPECT OF LIFE BUSINESS (INDIVIDUALAND GROUP) OF LIFE REINSURER
Description
A. New Business Life (Risk Premium) Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total (1 to 7) Annuities only
B. Net Movements Life (Risk Premium) Claims Others Life (Coinsurance) Claims Others Accident and Health Claims Others Disability Income Claims Others Portfolio Cover Claims Others Financial Reinsurance Claims Others Other Reinsurance Claims Others Total (10 to 23) Annuities Only Claims OthersC. Business in Force Life (Risk Premium)
Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total (27 to 33) Annuities only
Row No.
123456789
1011
1213
1415
1617
1819
2021
222324
2526
27
2829303132333435
Sum Insured
000000000
0107,803,530
00
00
00
00
00
00
107,803,530
00
0
00000000
Premiums -Single
000000000
00
00
00
00
00
00
000
00
0
00000000
Premiums -Regular
000000000
0525,243
00
00
00
00
00
00
525,243
00
0
00000000
12/06/2012 03:37 PM
Life: Offshore Insurance Fund
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
122007Reporting Cycle:
ANNUAL RETURN: FORM 5 - STATEMENT IN RESPECT OF LIFE BUSINESS (INDIVIDUALAND GROUP) OF LIFE REINSURER
Description
A. New Business Life (Risk Premium) Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total (1 to 7) Annuities only
B. Net Movements Life (Risk Premium) Claims Others Life (Coinsurance) Claims Others Accident and Health Claims Others Disability Income Claims Others Portfolio Cover Claims Others Financial Reinsurance Claims Others Other Reinsurance Claims Others Total (10 to 23) Annuities Only Claims OthersC. Business in Force Life (Risk Premium)
Life (Coinsurance) Accident and Health Disability Income Portfolio Cover Financial Reinsurance Other Reinsurance Total (27 to 33) Annuities only
Row No.
123456789
1011
1213
1415
1617
1819
2021
222324
2526
27
2829303132333435
Sum Insured
215,132,189000000
215,132,1890
041,725,728
00
00
00
00
00
00
41,725,728
00
184,532,122
000000
184,532,1220
Premiums -Single
000000000
00
00
00
00
00
00
000
00
0
00000000
Premiums -Regular
486,659000000
486,6590
0138,109
00
00
00
00
00
00
138,109
00
434,836
000000
434,8360
12/06/2012 03:37 PM
FORM 2 - ADDITIONAL INFORMATION
ANNUAL RETURN: FORM 5 - ADDITIONAL INFORMATION
122007Reporting Cycle:
NIL
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
12/06/2012 03:37 PM
ANNUAL RETURN: FORM 10 - STATEMENT OF FINANCIAL POSITION IN RESPECT OFGLOBAL BUSINESS OPERATIONS
12Reporting Cycle: 2007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Life Business
1. Policy liabilities
General Business
1. Net premiums written
2. Premium liabilities
3. Claim liabilities
Shareholders fund
1. Paid-up capital
2. Unappropriated profits (losses)
3. Reserves - Capital
General
Others*
Total (5 to 9)
Row No.
1
2
3
4
5
6
7
8
9
10
Amount
'000 (in foreign currency)
UNITED STATES DOLLAR
6,492,183
0
0
0
1,529,286
-827,369
0
0
0
701,917
12/06/2012 03:38 PM
Reporting Cycle:
ANNUAL RETURN: NOTES TO FORM 10
Note 1 Breakdown of "Others" Row No. Amount
Total
12/06/2012 03:38 PM
ANNUAL RETURN: FORM 10 - ADDITIONAL INFORMATION
122007Reporting Cycle:
NIL
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
12/06/2012 03:38 PM
Life: Singapore Insurance Fund
Description
Life (Risk Premium)
Life (Coinsurance)
Accident and Health
Disability Income
Portfolio Cover
Financial Reinsurance
Other Reinsurance
Annuity Only
Total (1 to 8)
RowNo.
1
2
3
4
5
6
7
8
9
Particulars ofthe PoliciesValuation
Sum Insured
0
0
0
0
0
0
0
0
0
Particulars ofthe PoliciesValuation
OfficePremuims
0
0
0
0
0
0
0
0
0
Present ValueStatistics
Benefits
0
0
0
0
0
0
0
0
0
Present ValueStatistics
Expenses
0
0
0
0
0
0
0
0
0
Present ValueStatistics
Premiums
0
0
0
0
0
0
0
0
0
Present ValueStatistics
PAD
0
0
0
0
0
0
0
0
0
Present ValueStatistics
NegatveReserves
0
0
0
0
0
0
0
0
0
Present ValueStatistics
Total
0
0
0
0
0
0
0
0
0
R977L
2007Reporting Cycle: 12
ANNUAL RETURN: FORM 15 - ABSTRACT OF VALUATION RESULTS OF LIFE BUSINESS OF LIFE REINSURER
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Policy Liabilities of Insurance Fund
Life: Offshore Insurance Fund
Description
Life (Risk Premium)
Life (Coinsurance)
Accident and Health
Disability Income
Portfolio Cover
Financial Reinsurance
Other Reinsurance
Annuity Only
Total (1 to 8)
RowNo.
1
2
3
4
5
6
7
8
9
Particulars ofthe PoliciesValuation
Sum Insured
184,532,122
0
0
0
0
0
0
0
184,532,122
Particulars ofthe PoliciesValuation
OfficePremuims
434,836
0
0
0
0
0
0
0
434,836
Present ValueStatistics
Benefits
146,574
0
0
0
0
0
0
0
146,574
Present ValueStatistics
Expenses
470,279
0
0
0
0
0
0
0
470,279
Present ValueStatistics
Premiums
665,739
0
0
0
0
0
0
0
665,739
Present ValueStatistics
PAD
176,926
0
0
0
0
0
0
0
176,926
Present ValueStatistics
NegatveReserves
0
0
0
0
0
0
0
0
0
Present ValueStatistics
Total
128,040
0
0
0
0
0
0
0
128,040
R977L
2007Reporting Cycle: 12
ANNUAL RETURN: FORM 15 - ABSTRACT OF VALUATION RESULTS OF LIFE BUSINESS OF LIFE REINSURER
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Policy Liabilities of Insurance Fund
ANNUAL RETURN: FORM 15 - ADDITIONAL INFORMATION
122007Reporting Cycle:
NIL
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
12/06/2012 03:38 PM
Life: SIF - Non-Participating
Description Row No. From 01/01/2007 to 31/12/2007
Sources of net income arising in the year:
New Business
Mortality/Morbidity
Forfeiture/Surrender
Interest
Expense
Change in basis
Miscellaneous
Total (1 to 7)
1
2
3
4
5
6
7
8
Actual
0
0
0
69,405
-434,274
0
481,340
Expected
-473,143
0
2,132
-11,998
483,009
Actual LessExpected
0
473,143
0
67,273
-422,276
0
-1,669
116,471
R977L
2007Reporting Cycle: 12
ANNUAL RETURN: FORM 16 - STATEMENT OF ANALYSIS OF EXPERIENCE OF INSURANCE FUND INRESPECT OF LIFE BUSINESS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
12/06/2012 03:38 PM
Life: OIF - Non-Participating
Description Row No. From 01/01/2007 to 31/12/2007
Sources of net income arising in the year:
New Business
Mortality/Morbidity
Forfeiture/Surrender
Interest
Expense
Change in basis
Miscellaneous
Total (1 to 7)
1
2
3
4
5
6
7
8
Actual
161,781
0
0
451,965
-6,979,701
0
17,777
Expected
-2,701
0
24
-643
3,320
Actual LessExpected
161,781
2,701
0
451,941
-6,979,058
0
14,457
-6,348,178
R977L
2007Reporting Cycle: 12
ANNUAL RETURN: FORM 16 - STATEMENT OF ANALYSIS OF EXPERIENCE OF INSURANCE FUND INRESPECT OF LIFE BUSINESS
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
12/06/2012 03:38 PM
ANNUAL RETURN: FORM 16 - ADDITIONAL INFORMATION
122007Reporting Cycle:
NIL
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
12/06/2012 03:38 PM
ANNUAL RETURN: FORM 17 - ACTUARY'S CERTIFICATE ON POLICY LIABILITIES INRESPECT OF LIFE BUSINESS
12Reporting Cycle: 2007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
Description
Participating Fund
Non-Participating Fund
Investment-Linked Fund
Singapore Insurance Fund
0
0
0
Offshore Insurance Fund
0
128,040
0
*Qualifications (if non, state "none"):None
I have conducted an investigation into the valuation of policy liabilities relating to life business asrequired under section 37 of the Insurance Act and confirm that the valuation is in accordance withall applicable requirements stipulated under the Act and directions issued under the Act, subject tothe qualifications stated below*. I certify these amounts as follows:
ACTUARIAL INVESTIGATION OF POLICY LIABILITIES
12/06/2012 03:38 PM
ANNUAL RETURN: FORM 17 - ADDITIONAL INFORMATION
122007Reporting Cycle:
NIL
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
12/06/2012 03:38 PM
Life: SIF - Non-Participating
ANNUAL RETURN: FORM 21 - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OFINSURANCE FUND
Reporting Cycle:
Description
(i) Financial Resources of Insurance Fund
Balance in the surplus account (of participating fund)
Add:
Allowance for provision for non-guaranteed benefits
(of participating fund): (lower of 3 or 4)
Policy liabilities - minimum condition liability
50% of aggregate of provisions for non-guaranteed benefits and PAD
Surplus of insurance fund (of any other insurance fund)
Less:
Reinsurance adjustment
Financial resource adjustment: (8 to 12)
(a) loans to, guarantees granted for, and other
unsecured amounts owed to the registered insurer
(b) charged assets
(c) deferred tax assets
(d) intangible assets
(e) other financial resource adjustments
Financial Resources of Insurance Fund
(1 + 2 + 5 - 6 - 7)
(ii) Total Risk Requirement of Insurance Fund
A. Component 1 Requirement - Insurance Risks
Life Insurance Risk Requirement
(for participating fund): (15 + 18)
(a) Policy Liability Risk Requirement:
(zero or 16 - 17, whichever is higher)
Modified minimum condition liability
Minimum condition liability
(b) Surrender Value Condition Risk Requirement:
(zero or 19 - 20, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Higher of 21 or 22:
Sum of total risk requirement and minimum condition
liability of the insurance fund
Policy liabilities of the insurance fund
Life Insurance Risk Requirement
(other than participating fund) (24 + 27)
(a) Policy Liability Risk Requirement:
(zero or 25 - 26, whichever is higher)
Modified policy liabilities
Policy Liabilities
(b) Surrender Value Condition Risk Requirement:
(zero or 28 - 29, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Sum of total risk requirement and policy liabilities of the insurance fund
General Insurance Risk Requirement
(for general business): (31 to 32)
(a) Premium liability risk requirement
(b) Claim liability risk requirement
Total C1 Requirement (14 + 23 + 30)
B. Component 2 Requirement - Investment Risks and Risks arising
from Interest Rate Sensitivity and Foreign Currency Mismatch
between Asset and Liabilities
Equity Investment Risk Requirement (35 to 36)
(a) Specific Risk Requirement
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
35,038
0
0
0
0
0
1,134,241
0
0
1,134,241
0
0
0
0
0
2007 12
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
12/06/2012 03:37:37 PM
(b) General Risk Requirement
Debt Investment and Duration Mismatch Risk Requirement:
(38 or 43, whichever is higher)
(a) Sum of: (39 + 42)
Debt investment risk requirement in an increasing interest rate
environment (40 to 41)
Debt specific risk requirement
Debt general risk requirement
Liability adjustment requirement in an increasing interest rate environment
(b) Sum of: (44 + 47)
Debt investment risk requirement in a decreasing interest rate
environment (45 to 46)
Debt specific risk requirement
Negative of debt general risk requirement
Liability adjustment requirement in a decreasing interest rate environment
Loan Investment Risk Requirement
Property Risk Requirement
Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund)
Derivative Counterparty Risk Requirement
Miscellaneous Risk Requirement
Total C2 Requirement (34 + 37 + 48 + 49 + 50 + 51 + 52)
C. Component 3 Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements
Exposure to non-liquid assets with Singapore Insurance Fund
(for general business)
Total C3 Requirement (54 to 60)
Total Risk Requirement of Insurance Fund (33 + 53 +61)
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
545556575859
60
61
62
0
0
0
0
0
0
0
0
0
0
0
0
0
0
26,051
0
8,987
35,038
000000
0
0
35,038
12/06/2012 03:37:37 PM
Life: OIF - Non-Participating
ANNUAL RETURN: FORM 21 - STATEMENT IN RELATION TO FUND SOLVENCY REQUIREMENT OFINSURANCE FUND
Reporting Cycle:
Description
(i) Financial Resources of Insurance Fund
Balance in the surplus account (of participating fund)
Add:
Allowance for provision for non-guaranteed benefits
(of participating fund): (lower of 3 or 4)
Policy liabilities - minimum condition liability
50% of aggregate of provisions for non-guaranteed benefits and PAD
Surplus of insurance fund (of any other insurance fund)
Less:
Reinsurance adjustment
Financial resource adjustment: (8 to 12)
(a) loans to, guarantees granted for, and other
unsecured amounts owed to the registered insurer
(b) charged assets
(c) deferred tax assets
(d) intangible assets
(e) other financial resource adjustments
Financial Resources of Insurance Fund
(1 + 2 + 5 - 6 - 7)
(ii) Total Risk Requirement of Insurance Fund
A. Component 1 Requirement - Insurance Risks
Life Insurance Risk Requirement
(for participating fund): (15 + 18)
(a) Policy Liability Risk Requirement:
(zero or 16 - 17, whichever is higher)
Modified minimum condition liability
Minimum condition liability
(b) Surrender Value Condition Risk Requirement:
(zero or 19 - 20, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Higher of 21 or 22:
Sum of total risk requirement and minimum condition
liability of the insurance fund
Policy liabilities of the insurance fund
Life Insurance Risk Requirement
(other than participating fund) (24 + 27)
(a) Policy Liability Risk Requirement:
(zero or 25 - 26, whichever is higher)
Modified policy liabilities
Policy Liabilities
(b) Surrender Value Condition Risk Requirement:
(zero or 28 - 29, whichever is higher)
Aggregate of surrender values of policies of the insurance fund
Sum of total risk requirement and policy liabilities of the insurance fund
General Insurance Risk Requirement
(for general business): (31 to 32)
(a) Premium liability risk requirement
(b) Claim liability risk requirement
Total C1 Requirement (14 + 23 + 30)
B. Component 2 Requirement - Investment Risks and Risks arising
from Interest Rate Sensitivity and Foreign Currency Mismatch
between Asset and Liabilities
Equity Investment Risk Requirement (35 to 36)
(a) Specific Risk Requirement
(b) General Risk Requirement
Debt Investment and Duration Mismatch Risk Requirement:
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
Amount
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
8,796,357
697,312
0
8,099,045
0
0
0
0
0
2007 12
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
12/06/2012 03:37:37 PM
(38 or 43, whichever is higher)
(a) Sum of: (39 + 42)
Debt investment risk requirement in an increasing interest rate
environment (40 to 41)
Debt specific risk requirement
Debt general risk requirement
Liability adjustment requirement in an increasing interest rate environment
(b) Sum of: (44 + 47)
Debt investment risk requirement in a decreasing interest rate
environment (45 to 46)
Debt specific risk requirement
Negative of debt general risk requirement
Liability adjustment requirement in a decreasing interest rate environment
Loan Investment Risk Requirement
Property Risk Requirement
Foreign Currency Mismatch Risk Requirement (for Singapore Insurance Fund)
Derivative Counterparty Risk Requirement
Miscellaneous Risk Requirement
Total C2 Requirement (34 + 37 + 48 + 49 + 50 + 51 + 52)
C. Component 3 Requirement - Concentration Risks Counterparty Exposure Equity Securities Exposure Unsecured Loans Exposure Property Exposure Foreign Currency Risk Exposure Exposure to assets in miscellaneous risk requirements
Exposure to non-liquid assets with Singapore Insurance Fund
(for general business)
Total C3 Requirement (54 to 60)
Total Risk Requirement of Insurance Fund (33 + 53 +61)
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
545556575859
60
61
62
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000
0
0
0
12/06/2012 03:37:37 PM
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTDR977L
122007Reporting Cycle:
ANNUAL RETURN: FORM 21 - ADDITIONAL INFORMATION
NIL
12/06/2012 03:37:37 PM
FORM 23 - STATEMENT IN RELATION TO CAPITAL ADEQUACY REQUIREMENT OF REGISTERED INSURER
ANNUAL RETURN
Reporting Cycle: 122007
SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
Description
(i) Financial Resources of Registered Insurer
A. Tier 1 Resource
Aggregate of surpluses of all insurance funds other than a participating fund
Balances in the surplus account of each participating fund
Paid-up ordinary share capital
Unappropriated profits (losses)
Surpluses of Overseas Branch Operations
Irredeemable and non-cumulative preference shares
Any other capital instrument approved by the Authority as a Tier 1 resource
Less:
Reinsurance adjustment
Financial resource adjustment: (10 to 14)
(a) loans to, guarantees granted for and other unsecured amounts owed to
the registered insurer
(b) charged assets
(c) deferred tax assets
(d) intangible assets
(e) other financial resource adjustments
Total Tier 1 Resource (1 to 7 less 8 to 9)
B. Tier 2 Resource
Irredeemable and non-cumulative preference shares not recognised
as Tier 1 resource
Irredeemable and non-cumulative preference shares
Other Tier 2 resource
Total Tier 2 Resource (16 to 18)
C. Aggregate of allowance for provisions for non-guaranteed benefits
of participating funds
Financial Resources of Registered Insurer (higher of $5m or 15 + 19 +20)
(ii) Total Risk Requirement of Registered Insurer
(a) Total risk requirements of insurance funds established or maintained
under the Act
(b) Total risk requirements of assets and liabilities that do not belong to any
insurance fund established and maintained under the Act
Total Risk Requirement of Registered Insurer (22 to 23)
CAPITAL ADEQUACY RATIO (21/24)
Row No.
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
Amount
0
0
0
0
0
35,038
0
9,930,598
0
0
0
0
0
0
697,312
0
9,233,286
0
0
0
0
0
9,233,286
35,038
26352.21 %
R977L
12/06/2012 03:37:40 PM
2007 12Reporting Cycle:
NIL
ANNUAL RETURN: FORM 23 - ADDITIONAL INFORMATION
R977L SCOTTISH ANNUITY & LIFE INSURANCE CO ( CAYMAN) LTD
12/06/2012 03:37:40 PM