Capital and Net Worth Requirements

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.... an IBU. (2) An MGA, set up in the form of a branch, shall maintain a minimum assigned capital equivalent to USD 5,00, 000 (USD Five Lakh only) with an IBU. (3) An MGA shall maintain Net Worth of minimum equivalent to USD 250,000 (USD Two Lakh Fifty Thousand only) or 50% of the minimum paid-up or assigned capital, whichever is higher, at all times. Explanation. - For avoidance of doubts, ....