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Namecombine insurance company (life and non-life) must reserve surplus assets 32 trillion kip at the minimum
Descriptioncombine insurance company (life and non-life) must reserve surplus assets 32 trillion kip at the minimum, Including: twenty percent (20%) of the net premiums (for non-life insurance service), 5% of Statutory Liabilities and 0.3 % of the sum at risk (for life insurance service).
Comments-
Validity From27-09-2018
Validity To11-02-9999
ReferenceArticle 8
StatusActive
Measure TypeMinimum capital requirements
Agency NameBank of the Lao PDR
Legal DocumentDecision on Maintaining Insurance Reserve and Debt Repayment no. 3059/MoF, dated 27 September 2018
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