TaxTMI 
TaxTMI 
Statement of Solvency Margin
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.... (1) 'Available Solvency Margin (ASM)' means the excess of value of assets (as furnished in Form ALSM-GI- A) over the value of liabilities (as furnished in Form ALSM-GI-L) with further adjustments as shown in Table IB of Form ALSM-GI-SM. (2) 'Solvency Ratio' means the ratio of Available Solvency Margin to Required Solvency Margin as specified in Table IB. (3) 'Control le....
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.... RSM1 RSM2 RSM (1) (2) (3) (4) (5) (6) (7) (8) (9) 01 02 03 Total ....
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....shall be determined as Thirty Percent (30%) of the amount which is the higher of the Gross Incurred Claims multiplied by a factor of 0.5 and the Net Incurred Claims. (9) RSM means Required Solvency Margin and shall be the higher of the amounts of total of RSM 1 and total of RSM 2 for the IIO. (10) An IIO set up in unincorporated form shall also submit 'FORM ALSM-GI- SM' to the Au....
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....uct: (G) Other Liabilities (H) Excess in Shareholder's funds (F-G) (I) Total ASM (E+H) (J) Total RSM (K) SOLVENCY RATIO (Total ASM/ Total RSM) Certification: I __________________, the Statutory Auditor, hereby certify that the above statements have been prepared in accordance with the Section 64VA of th....