Name | Requirement for insurer to have registered capital and security deposit |
Description | Insurers must have registered capital of not less than 16 billion kip; must maintain at least one third of their registered capital as a security deposit for each type of insurance (life insurance and general insurance). |
Comments | - |
Validity From | 19-02-2014 |
Validity To | 31-12-9999 |
Reference | art 5 |
Status | Active |
Measure Type | Minimum capital requirements |
Agency Name | insurance Management Authority |
Legal Document | Ministerial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 2014 |
---|