Five insurance companies raise their equity funds to meet industry standards

The American Chamber of Commerce in Mongolia

2018-04-13 14:59 GMT+8

The Financial Regulatory Commission reports that five domestic insurance companies have raised their equity funds to the required level.

In 2012, the Financial Regulatory Commission raised the required minimum equity fund level for short-term insurance issuers to 5 billion MNT, and to 6 billion MNT for long-term insurance issuers, impacting 16 domestic insurers.

The deadline to meet the new equity fund requirement is June 2018.

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