Insurance Order, 2006 · s 10

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s 10Requirements before registration

(l)

The Authority shall not register any applicant under section 9, unless the applicant -

{a)

is a company as defined in the Companies Act (Chapter 39) or a company incorporated outside Brunei Darussalam which has an established place of business in Brunei Darussalam;

{b) -tt-has a surplus of assets over liabilities of not less than such amount as may be prescribed; and

{c)

has made the deposit under section 16.

(2)

For the purpose of paragraph {b) of subsection (1), different amounts may be prescribed for different classes of insurance business or for different types of insurers.

1004

Conditions of registration.