(PDF), A Takaful Company Reinsure With A Reinsurance Company? - Five (h) technical and mathematical provisions analysed by means of elegance of business and without a doubt identifying high-quality claims, ibnr, unearned rates, and life mathematical reserves (life fund). Assisting documentation explaining the adequacy of the provisions is to be provided; (f) other liabilities. Four.Three a forecast cash glide consisting of destiny capital expenditure to be undertaken four.Four a forecast announcement of solvency, identifying without a doubt: (a) the computation of the specified margin of solvency; and (b) the valuation of belongings (valued according with the regulations) and the excess of internet admissible belongings over the specified margin of solvency. 4.Five in the case of existence corporations, a announcement displaying the subsequent; (a) for every of the subsequent three monetary years following authorisation, the range of rules anticipated to be issued analysed through product line. (B) the technical bases that the actuary who may be appointed for the purposes of segment 56 of the act proposes to hire for every magnificence of enterprise, consisting of the bases wished for calculating premium prices and mathematical reserves; (c) the overall sums assured in keeping with product line (d) the approach of dispensing profits among policyholders and shareholders. In widespread, the fee will want to be satisfied that the applicant has enough economic sources to guide the commercial enterprise described in the utility and to provide the desired margin of solvency wanted for the duration of the three years after authorisation is granted and thereafter. Five.0 board of administrators, control, employees and internal controls 5.1 board of administrators the following records about the proposed board of the agency; (a) composition of the board; names of members whether they're government or unbiased five. 2 3.0 enterprise method the records required to be contained in this section of the marketing strategy is as follows; 3.1 historical past statistics the business plan ought to consist of the subsequent; a. An outline of the applicant b. If the corporation is a member of a set of agencies, an outline of the group and the company s vicinity inside it, which includes company structure chart ( circle of relatives tree ) with applicable shareholdings, showing the location of the agency in the institution c. The extensive activities of the group d. An outline in narrative and tabular format, of the beyond history of the e book of business. 3.2 goal marketplace and advertising and marketing strategy a brief description of the agency s proposed advertising method such as the target marketplace(s), an outline of the proposed resources of enterprise (e.G. Insurance agents, marketers, direct selling, sub dealers and department places of work) and approximate percentage of business anticipated from every supply. Three.3 underwriting approach a description of the character of the enterprise of coverage to be carried on, the predominant risks which the organisation proposes to cowl, the instructions of business to be underwritten and the main chance evaluation methods/procedures for use. Three.Four reinsurance method a complete clarification of the proposed reinsurance method and the preparations proposed to be put in vicinity at authorisation. It can be suitable for this to be represented graphically, especially for more complex programmes, and have to encompass the following: (a) information of the applicant s most retention in keeping with hazard or event in any case reinsurance/retrocession ceded, through elegance of business (b) information of the foremost re-insurers/retrocessionaires, together with name, cope with and united states of america of incorporation; (c) the outline bearing on the reinsurance lower back to the original enterprise being carried on by the applicant as defined within the marketing strategy; (d) where a extensive share of the programme is to be ceded to a unmarried reinsurance agency or institution, additional facts must accept as to why that is taken into consideration to be appropriate, inclusive of details of the security 2.