The stated capital obligations of an insurer according to the class of insurance business.

Class of Insurance BusinessAmount
General Insurance BusinessUSD 200,000 or equivalent in another currency
Long Term Insurance BusinessUSD 250,000 or equivalent in another currency
Reinsurance BusinessUSD 300,000 or equivalent in another currency
Captive Insurance BusinessUSD l00,000 or equivalent in another currency

It should be noted that no insurer is allowed to transfer or amalgamate any of its insurance business without the approval of the Financial Services Commission.