Auditguru Auditguru Frequently Asked Questions(FAQ) Auditguru Auditguru
 Meet Us Here
Sharma asked 1 year ago

MCQ Booklet 15.1 explanation

1 Answers
RaviRavi Staff answered 1 year ago

Minimum Solvency Margin
Higher of minimum paid up capital (50 crore for insurance & 100 crore for re-insurance)
20% of net premium 
30% of net claim
 
in this MCQ only 1 thing is given paid up share capital 150 crore
and they are asking “MINIMUM SOLVENCY MARGIN”
they are not asking solvency margin we dont have data to compute it, they are asking minimum solvency margin that is 50 crore

Call Back Request