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I. Professional insurers must have a capitalization of at least 3,000,000,000 paid in cash of which at least 1,500,000,000 is paid up and the remaining

I. Professional insurers must have a capitalization of at least 3,000,000,000 paid in cash of which at least 1,500,000,000 is paid up and the remaining portion is contributed surplus, which shall be no less than 400,000,000. Il. A reinsurance is presumed to be a contract of indemnity against damage, and not merely against liability. True, True False, True False, False True, False

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