Book traversal links for Article (6) Minimum Assets Required from the Foreign Branch
Article (6) Minimum Assets Required from the Foreign Branch
Effective from 23/5/2018All branches of foreign insurance companies operating in the State shall comply with the following:
A. To maintain at all times sufficient admissible assets to fulfil its liabilities inside the State, at a minimum.
(b) To register all documents subscribed by the foreign branch in the financial statements of the foreign company branch licensed in the State.