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AU-2.5.3

Overseas insurance applicants are required to provide written confirmation from their head office that the head office will provide financial support to the branch sufficient to enable it to meet its obligations as and when they fall due. Overseas insurance applicants must also demonstrate that the company as a whole is adequately resourced for the amount of risks underwritten, and that it and its groupG meet solvency standards applied by its home supervisorG .

Amended: October 2007
 Versions
(2 Versions)
 
Up to Sep 30 2007Oct 1 2007 onwards
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