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← Labuan Financial Services and Securities Act 2010

Labuan Financial Services and Securities Act 2010 s 109

Labuan Financial Services and Securities Act 2010 s 109

s 109 Margin of solvency

Every Labuan insurer, including an insurance licensee which carries on Labuan captive insurance business, shall ensure that the realisable value of its assets exceeds the amount of its liabilities by a margin in such an amount or calculated in such manner as may be specified in writing by the Authority from time to time.

Malay text (authoritative)

Margin kesolvenan

Tiap-tiap penanggung insurans Labuan, termasuk seorang pemegang lesen insurans yang menjalankan perniagaan insurans kaptif Labuan, hendaklah memastikan bahawa nilai boleh terhasil asetnya melebihi amaun liabilitinya dengan suatu margin dalam suatu amaun atau yang dikira mengikut apa-apa cara yang ditentukan secara bertulis oleh Lembaga dari semasa ke semasa.

Read this section in the full act → · Open Division 3 →

Find Act 704 on lom.agc.gov.my ↗

Source: Laws of Malaysia, Attorney General's Chambers of Malaysia (lom.agc.gov.my). Not a copy of the Gazette printed by the Government Printer (Interpretation Acts 1948 and 1967, s 61).

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