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CA-1.2.1

Past version: effective up to Jun 30 2007.
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An insurance firmG must maintain sufficient capital to enable it to meet at all times its insurance and other obligations. The minimum Tier 1 capital for insurance firmsG is BD 5 million, except for those firms whose business is limited to reinsurance. Insurance firmsG whose business is limited to reinsurance must have minimum Tier 1 capital of BD 10 million. Captive insurance firmsG are not subject to a minimum Tier 1 capital but must comply with the Required Solvency Margin and minimum fund, as defined in Chapter CA-2. In addition, all insurance firmsG must at all times maintain a capital available in excess of the greater of the Required Solvency Margin and the minimum fund, as defined in Chapter CA-2.

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