Singapore legislation

Regulation 13H

of Insurance (Lloyd’s Asia Scheme) Regulations

Regulation 13H

Outstanding premiums and agents’ balances

Amended byS 814/2004 wef 01/01/2005S 839/2018 wef 01/01/2019

A Service Company shall value the outstanding premiums and agents’ balances by aggregating the principal amounts outstanding after deducting any allowance for impairment losses.

Read in full context — Insurance (Lloyd’s Asia Scheme) Regulations →