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CA-3.1.1

Where an insurance firm carries on long-term insurance business, including traditional long-term insurance business or linked long-term insurance business or both:

(a) It must maintain a separate account and separate books of accounts in respect of each kind of business and unit fund; and
(b) The receipts of each kind of business must be entered in the account maintained for that business and must be carried to and form a separate long-term insurance fund with an appropriate name.
Amended: October 2009
Amended: October 2007
Amended: January 2007