Revised Laws of Saint Lucia (2021)

138.   Methods for calculating reserves

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    (1)   Every company shall furnish to the Registrar details of the methods used in calculating the reserves to be provided under sections 136 and 137.

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    (2)   The Registrar may disallow any method used in calculating the reserves referred to in subsection (1) where he or she is satisfied that the method does not result in the provision of adequate reserves.