Regulatory Alerts2020-12-23 | 29690Compliance with Minimum Stated Capital
The Insurance Sector regulator mandates that all licensed insurance entities maintain and report compliance with prescribed minimum stated capital thresholds. This directive establishes clear calculation methodologies, periodic reporting schedules, and corrective measures for entities falling below the required capital levels. Failure to adhere to these stipulations may result in operational restrictions, financial penalties, or license suspension until capital adequacy is restored.
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