Regulation 13G
Cash and deposits
of Insurance (Lloyd’s Asia Scheme) Regulations
Subsidiary LegislationIn forceProvision 27 of 44
Regulation 13G
Amended byS 814/2004 wef 01/01/2005
Subregulation 1
A Service Company shall value any cash or deposit with a financial institution, other than a negotiable certificate of deposit, at the nominal amount of such cash or deposit after deducting any amount deemed uncollectible from the financial institution.
Subregulation 2
Amended byS 814/2004 wef 01/01/2005
A Service Company shall value a negotiable certificate of deposit at its market value.