Part IIC — Solvency Margin, Advance Payment Of Premium And Restrictions On The Opening Of A New Place Of Business

Section 64VA — Sufficiency of assets

Insurance Act, 1938 · Preview

[64VA. Sufficiency of assets. -- (1) Every insurer and re-insurer shall at all times maintain an excess of value of assets over the amount of liabilities of, not less than fifty per cent. of the…