CA-1.2.3

Past version: Effective from 01 Oct 2007 to 31 Mar 2014
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An insurance firm must ensure that at all times its capital available does not fall below the minimum fund. In the event that an insurance firm's capital available does fall below the minimum fund, the insurance firm must notify the CBB immediately. Further, the insurance firm must cease to effect any new contracts of insurance, including renewals of existing contracts unless explicitly permitted to do so by the CBB.

Amended: January 2007
Amended: October 2007