Insurance Regulations, 2006 · As enacted · Part III
Section 11
Official textFrom Attorney General's Chambers, unchanged
For the purposes of paragraph {b) of subsection (2) of section 21 of the
Order, the paid-up share capital of an insurer having share capital unimpaired by losses, shall be -
{a)
in the case of an insurer carrying on life business, an amount of not less than $8,000,000; and
in the case of an insurer carrying on general business, an amount of not less than $8,000,000.
An insurer established or incorporated outside Brunei Darussalam who does not have a share capital, shall maintain in Brunei Darussalam, a surplus of assets over liabilities of an amount not less than the requirement for the minimum amount of paid-up share capital of an insurer incorporated in Brunei
Darussalam.
For the purposes of section 56 of the Order, the minimum paid-up share capital of an insurance broker shall be $200,000.
For the purposes of section 56 of the Order, the minimum paid-up share capital of an adjuster shall be $100,000.
1082
Professional indemnity insurance.