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Part Objective and key requirements of this P - Life Insurance (prudential standard) determination No. 2 of 2012 - Objective and key requirements of this Prudential Standard | Zoe

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Life Insurance (prudential standard) determination No. 2 of 2012

Objective and key requirements of this PObjective and key requirements of this Prudential Standard

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Objective and key requirements of this Prudential Standard

This Prudential Standard requires a life company to maintain adequate capital against the risks associated with its activities.

Previous sectionCapital AdequacyCapital Adequacy

Next sectionThe ultimate responsibility for the prudThe ultimate responsibility for the prudent management of capital of a life company rests with its Board of directors. The Board must ensure that the life company maintains an adequate level and quality of capital commensurate with the scale, nature and complexity of its business and risk profile, such that it is able to meet its obligations under a wide range of circumstances.