Section 23: Solvency rules
consolidated text (as at 2016, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
23. Solvency rules
(1) The Commission may make such solvency rules as are required for
the purpose of this Part.
(2) Rules made under subsection (1) may provide for—
(a) classes of assets and their exclusion from the calculation of the
solvency margin;
(b) the holding and investment of assets in Mauritius;
(c) the restrictions on and diversification of investments;
(d) the calculation of technical provisions and liabilities;
(e) the valuation of assets;
(f) the establishment of designated funds and statutory reserves;
and
(g) such other matters as are relevant to the prudential management
of an insurance business.
PART IV – REGULATION OF BUSINESS OF INSURER
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Questions this section answers
- Can the Commission make detailed rules on how insurers must calculate their solvency margin?