Contents of Section

Chapter:

41F PDFTitle:INSURANCE COMPANIES (MARGIN OF SOLVENCY) REGULATIONGazette Number:
Section:10Heading:Prescribed levels of solvency marginVersion Date:30/06/1997

(1) For the purposes of section 35AA(1) of the Ordinance, the prescribed amount shall be the required margin of solvency or $2000000, whichever is the greater.
(2) For the purposes of section 35AA(2) of the Ordinance, the prescribed amount shall be the aggregate of the following amounts-

        (a) the required margin of solvency as determined by section 9; and
        (b) $2000000 or one-third of the required margin of solvency as determined by sections 4 to 8, whichever is the greater.
(Enacted 1995)