Singapore legislation
Regulation 4
Regulation 4
Minimum capital and rating requirements
Amended byS 229/2013 wef 18/04/2013
The Authority shall not license a person to carry on the business of a financial guarantee insurer in Singapore unless the insurer has —
(a)
a paid-up share capital of not less than US $75 million or its equivalent in value; and
(b)
a claims-paying ability rating in the top 3 generic lettered classifications or its equivalent awarded by an internationally recognised credit rating agency.