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Financial advisory
RES5Financial Advisory Services✓Under Singapore's regulatory framework, long-term (life) insurance funds and general insurance funds must generally be:
Long-term and general business are treated separately, and an insurer must keep these funds separate to protect policy owners and reflect the different nature of the liabilities. Combining them is not permitted, there is no rule limiting them to government bonds, and they are not held by reinsurers.
Even a composite insurer cannot merge its life and general funds.
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