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CA-1.3.1B

Notwithstanding the requirements in Paragraph CA-1.3.1, Insurance aggregators are required to maintain at all times a minimum net assets value of BD 25,000 and adequate liquid funds representing 25% of operating expenses incurred in the preceding financial year at all times in the form of cash or liquid assets that can be converted to cash in the short-term to cover its operating expenses.

Added: April 2023