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Application provision

4.1 This Chapter does not apply to a pure reinsurer.

4.1

01/01/2016

This Chapter does not apply to a pure reinsurer.

4.2

01/01/2016

The CR Requirement for a firm carrying on general insurance business is equal to the higher of:

  1. (1) the base capital resources requirement for general insurance business applicable to that firm; and
  2. (2) the general insurance capital requirement.

4.3

01/01/2016

The CR Requirement for a firm carrying on long-term insurance business is equal to the higher of:

  1. (1) the base capital resources requirement for long-term insurance business applicable to that firm; and
  2. (2) the long-term insurance capital requirement.