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NameRequirement for insurer to have registered capital and security deposit
DescriptionInsurers 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 From19-02-2014
Validity To31-12-9999
Referenceart 5
StatusActive
Measure TypeMinimum capital requirements
Agency Nameinsurance Management Authority
Legal DocumentMinisterial Instruction on implmenting the Law on Insurance No. 539/MOF, dated 19 February 2014
This measure applies to Service