Question

Under the insurance Act every insurer and re-insurer is required to maintain at all times an excess of value of assets over the amount of liabilities of, __________as stated under section 6 and arrived at in the manner specified by the regulations

A Not less than fifty per cent of the amount of minimum capital
B Not less than fifty-one per cent of the amount of minimum capital
C Not less than seventy-five per cent of the amount of minimum capital
D Not less than fifty-five per cent of the amount of minimum capital
E None of the above
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