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  • Solvency Requirements

    • CA-8.4.9

      The solvency requirements only apply to the insurance activities of the participants' fund(s) and are calculated in accordance with Chapter CA-2 for each of the participants' fund(s). The solvency required is the total of the solvency requirements for all participants' funds.

      Amended: April 2014
      Amended: April 2009
      Amended: October 2008
      Amended: January 2007

    • CA-8.4.10

      Where the capital available as defined under Paragraph CA-8.4.2 does not meet the solvency requirements of Paragraph CA-8.4.9, a capital injection must be made by the shareholders to meet the solvency required.

      Amended: April 2014
      Amended: October 2008
      Amended: January 2007

    • CA-8.4.11

      Should the Takaful firm fail to meet its required solvency margin, it will be restricted from writing any new Takaful business until such time as the Takaful firm is in compliance with the solvency margin requirements.

      Amended: April 2014
      Amended: October 2008
      Amended: January 2007