Section 89: Contribution to Compensation Fund

89. Contribution to Compensation Fund (1) An insurer shall, to the extent of its insurance business relating to Mauritian policies, contribute to the Compensation Fund in such amounts payable at such time as may be prescribed and different amounts may be prescribed with respect to different categories of insurance business or different classes or part classes of policies, or in view of different circumstances. (2) No payment shall be made from the Compensation Fund or any subfund to— (a) a substantial shareholder of the insolvent insurer; or (b) any officer of the insolvent insurer, or other person whose policy benefits are in excess of the normal benefits relating to that class of insurance policy to such extent or in such circumstances as may be prescribed.