Question

Section 64VA(1) of the Insurance Act specifies a criteria related to sufficiency of assets that every insurer and re-insurer should at all times maintain an excess of assets over liabilities?

A Not less than twenty-five percent of the amount of minimum capital.
B Not less than fifty percent of the amount of minimum capital.
C Not less than seventy-five percent of the amount of minimum capital.
D Not less than ninety percent of the amount of minimum capital.
E Not less than one hundred percent of the amount of minimum capital.
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