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); and
(b)[Deleted by Act 16/2011 wef 29/04/2011 wef 01/05/2011]
(c)satisfies such financial requirements as may be prescribed.
[16/2011 wef 01/05/2011]
[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]