Cap. 403 · Insurance Business Act (Cap. 403)
Cap. 403 Art. 17Minimum Capital Requirement.
Title I: Financial Requirements
(1) An authorised insurance and reinsurance undertaking shall hold eligible basic own funds to cover the Minimum Capital Requirement.
(2) The Minimum Capital Requirement shall be calculated in accordance with Insurance Rules made for the purpose of this article, and shall be not less than the amounts (the absolute floor) as determined by the said Insurance Rules.