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Capital requirement regulation implementation on course: Central bank

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The Central Bank of Liberia has said that the implementation of capital requirements for all local licensed insurers remains on course, allAfrica reports. The CBL regulation requires nonlife insurers to maintain a minimum capital of $1.5 million, and reinsurers, $5 million. The implementation of the capital requirements is part of the reform agenda of the CBL, aimed at strengthening the insurance sector.

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