FIRST SCHEDULE
Regulation 3(1)(b)
Up Share Capital of Direct Life Insurance Broker
Amount of paid-up share capital (not less than)
Year
(1) $100,000
1999 and 2000
(2) $150,000
2001
(3) $200,000
2002
(4) $250,000
2003
(5) $300,000
2004 and every subsequent year.