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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. (1) the premiums amount;
  2. (2) the claims amount; and
  3. (3) the brought forward amount.