Labuan Islamic Financial Services and Securities Act 2010 · Updated to 15 Oct 2022 · Part VII · Labuan Takaful Business and Labuan Takaful Related Activities
84. Margin of solvency
Feedback & supportEvery Labuan takaful operator, including a takaful licensee which carries on Labuan captive takaful business, shall ensure that the realizable value of its assets exceeds the amount of its liabilities by a margin in such an amount or calculated in such manner as may be specified in writing by the Authority from time to time.
Labuan takaful operator
Defined · s 76
“Labuan takaful operator” means a person who is licensed to carry on Labuan takaful business;