(1) A company incorporated in Saint Lucia shall at the end of each year appropriate towards surplus at least 25% of its profits for that year until the surplus of the company equates with or exceeds the liability of the company in respect of outstanding unexpired policies required to be included in the annual statement in accordance with section 136.
(2) In this section “surplus” means the excess of assets over all the liabilities of the company, including its liability in respect of outstanding unexpired policies required to be included in the annual statement in accordance with section 136.