Requirements before registration
9.—(1)  The Authority shall not register any applicant under section 8 unless the applicant —
(a)is a company or a company incorporated outside Singapore which has an established place of business in Singapore or is a society registered under the Co-operative Societies Act (Cap. 62);
(b)has made the deposit under section 14; and
(c)satisfies such financial requirements as may be prescribed.
[23/2003 wef 01/01/2004]
(2)  For the purposes of subsection (1)(c), the Authority may prescribe financial requirements of different forms or amounts for different classes of insurance business or for different types of insurers.
[11/86]