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    <description>Regulation 15 requires all International Financial Service Centre Insurance Offices (IIOs) to maintain separate accounts for shareholders&#039; funds and policyholders&#039; funds, in the manner specified by the Authority. Separation of funds requires each IIO to keep the two fund categories distinct for accounting purposes. Investments allocated to policyholders must not be less than the value of the policyholders&#039; fund, creating a minimum investment-value requirement for those allocations.</description>
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