Custom print

CA-3.1.1

Past version: Effective from 01 Oct 2007 to 30 Sep 2009
To view other versions open the versions tab on the right

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 in respect of each kind of business; 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 2007
Amended: January 2007