On 21/05/2013,
you requested for the version in force on 21/05/2013
incorporating all amendments published on or before 21/05/2013.
The closest version currently available is that of 31/12/2002.
9.
—(1) The Authority shall not register any applicant under section 8 unless the applicant —
(a)
is a company as defined in the Companies Act (Cap. 50) or a company incorporated outside Singapore which has an established place of business in Singapore or is a society registered under the Co-operative Societies Act (Cap. 62);
(b)
has made the deposit under section 14; and
(c)
where it has a share capital its paid-up share capital is, or where it does not have a share capital the value of its assets exceeds the amount of its liabilities by, not less than such amount as may be prescribed.
[11/86]
(2) For the purposes of subsection (1)(c), the Authority may prescribe different amounts for different classes of insurance business or for different types of insurers.
[11/86]