Insurance companies should maintain guarantees as follows, subject to a minimum of 750m LBP:
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1,200m LBP for each of the life, general accident, and credit branches
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350m LBP for each of the fire and marine branches
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750m LBP for the agriculture branch
The company may represent guarantees using cash, treasury bills, real estate or other approved financial securities.
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Cash guarantees may be deposited in foreign currencies
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Cash guarantees or other approved securities should be deposited and blocked with Lebanese-based banks
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Real estate guarantees may not exceed 40% of the total required amount. For these guarantees, a special flag is placed on the official real estate registry
The requirement on branches of foreign companies is twice the standard requirement.
Legal references: Insurance Law, article 26.