Regulatory Alerts2013-01-01
Insurance (General Insurance Business Solvency) (Amendment) Rules 2013
The Financial Services Commission of Mauritius issued these 2013 rules to amend general insurance solvency requirements by capping aggregate investments in related companies at ten percent of an insurer's total assets. Insurers must comply with this limit by 30 June 2014, or apply to the Commission for a justifiable extension of up to six months. The amended provisions, which explicitly include receivables, deposits, and loans within the definition of investment, commenced operation on 1 July 2013.
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