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CA-2.1.11

The capital sum at riskG is defined as the benefit amounts payable as a consequence of the happening of the contingency covered by the policy contract less the mathematical reservesG in respect of the relevant contract. The capital sum at riskG calculation is the greater of:

(a) 0.15% of the capital sum at riskG before deduction for reinsurance cessions; or
(b) 0.30% of the capital sum at riskG after deduction for reinsurance cessions.

In either case no negative value can be used as the capital sum at risk under any policy.

Amended: January 2007
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(2 Versions)
 
Up to Jun 30 2007Jul 1 2007 onwards
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