CTHRepealedLegislation
Life Insurance (prudential standard) determination No. 1 of 2011 - Prudential Standard LPS 600 - Statutory Funds
Meaning of “shareholders’ capital” in paMeaning of “shareholders’ capital” in paragraphs 35 and 36
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Meaning of “shareholders’ capital” in paragraphs 35 and 36
- For the purposes of paragraphs 35 and 36, the “shareholders’ capital” of a category of business of a statutory fund is:
(a) if the life company’s audited financial statements specify the shareholders’ capital of the category as at the end of the preceding financial year – the shareholders’ capital of the category as at the end of the preceding financial year;
(b) in every other case - nil.