PINS 4.8.2 Capital plan to be provided

An insurer must provide to the Regulatory Authority when seeking approval for a reduction under PINS Rule 4.8.1 a capital plan that has incorporated the effects of the proposed reduction and:

(a) demonstrates that the insurer will remain in excess of its minimum capital requirement for 2 years without relying on new capital issues;
(b) is consistent with the insurer's business plan; and
(c) takes account of any possible acquisitions, locked-in capital in subsidiaries and the possibility of exceptional losses.
Amended by QFCRA RM/2015-3 (as from 1st January 2016).