Insurance Company – Capital Resources Requirements General Insurance Capital Requirement
Application provision
1.1 Unless otherwise stated, this Part applies to a non-directive insurer other than a non-directive friendly society.
7.1
01/01/2016
A firm carrying on general insurance business must calculate its general insurance capital requirement as the highest of:
- (1) the premiums amount;
- (2) the claims amount; and
- (3) the brought forward amount.