Regulatory Alerts2007-01-01
Insurance (General Insurance Business Solvency) Rules 2007
The Financial Services Commission of Mauritius issued these rules to establish solvency margin and minimum capital requirements for general insurance businesses. Insurers must maintain a capital requirement ratio of at least 150 percent and calculate their minimum capital requirement by applying specified factors to balance sheet assets, policy liabilities, catastrophe provisions, and reinsurance ceded. The regulations further mandate strict investment concentration limits, define eligible capital components including subordinated loans, and require immediate notification and contingency plans if the ratio falls below target levels.
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