| Fund solvency requirement and capital adequacy requirement |
| Fund solvency requirement and capital adequacy requirement |
4.—(1) For the purposes of section 18(1)(a) of the Act, the fund solvency requirement in respect of an insurance fund established and maintained by a licensed insurer under the Act is that the total assets of the fund must not at any time be less than the total liabilities of the fund.
[S 137/2020 wef 31/03/2020] |