Versions

 

CA-2.1.12

For general insurance business, the solvency margin must be determined by taking the higher of the two results arrived at by applying the calculations described in Paragraph CA-2.1.13 ('the premium basis calculation') and Paragraph CA-2.1.14 ('the claim basis calculation'). Where the higher of the two results falls below the minimum fund, it must be substituted by the amount of the minimum fund.

Amended: January 2007