Singapore legislation

Regulation 13

of Insurance (Approved Marine, Aviation and Transit Insurance Brokers and Approved Reinsurance Brokers) Regulations

Regulation 13

Duty to maintain net asset value

Every approved insurance broker shall maintain a net asset value whereby the amount of its assets shall not be less than the amount of its liabilities.

Read in full context — Insurance (Approved Marine, Aviation and Transit Insurance Brokers and Approved Reinsurance Brokers) Regulations →