In forceAmendedAs enactedCurrent version · As enactedSee versions on Singapore Statutes Online(opens the publisher’s site)
13. Cash and deposits
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Last amended by an amending law of 2013.
(1)
A licensed insurer 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.
(2)
A licensed insurer shall value a negotiable certificate of deposit at its market value.
Subregulation 1
A licensed insurer 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
A licensed insurer shall value a negotiable certificate of deposit at its market value.