CTHRepealedLegislation
Life Insurance (prudential standard) determination No. 11 of 2010 - Prudential Standard LPS 600 - Statutory Funds
Meaning of “shareholders’ capital” in paMeaning of “shareholders’ capital” in paragraphs 35 and 36
Start here
Get a plain-English read of Meaning of “shareholders’ capital” in pa
Turn the raw legal text into a practical explanation grounded in Life Insurance (prudential standard) determination No. 11 of 2010 - Prudential Standard LPS 600 - Statutory Funds.
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.