| 1. | The Appointed Actuary of a Company that is a Reinsurance Company may be required to submit a Retrocession report to the Company’s Senior Management, Board of Directors and SAMA in a form and at dates to be specified by SAMA covering as a minimum the appropriateness of Retrocession arrangements and risk retention levels for each line of business having regard to the Company’s risk appetite, capital adequacy and the total exposure currently underwritten and expected to be underwritten in the following financial year and providing observations on the Reinsurance Company’s risk Retention levels.
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