MANSI RASTOGIMANSI RASTOGI asked 5 months ago
1 Answers
RaviRavi Staff answered 5 months ago

CLSM is higher than SM
If SM requirement is 500 crore CLSM will be Say 750 crore
if Net Assets go below CLSM insurance company has to submit financial plan to again  increase net assets above 750 crore
and if net assets below 500 crore then , insurance company will be declared insolvent and their operations will stop 

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