CIIG Advanced Diploma Practice Questions - CIIG Advanced Diploma In Insurance Associateship Exam

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Under the Ghana Insurance Act 2021 (Act 1061), what is the statutory Minimum Capital Requirement (MCR) for a locally incorporated direct life insurance company?

GHS 10 million GHS 50 million GHS 80 million GHS 100 million

Correct Answer:

GHS 50 million

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