Singapore legislation

Regulation 13J

of Insurance (Lloyd’s Asia Scheme) Regulations

Regulation 13J

Reinsurance recoverables

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

A Service Company shall value reinsurance recoverables by aggregating the amounts of reinsurance recoverables outstanding after deducting any allowance for impairment losses.