Regulation 14
Outstanding premiums and agents’ balances
of Insurance (Valuation and Capital) Regulations 2004
Subsidiary LegislationIn forceProvision 19 of 25
Regulation 14
Amended byS 233/2013 wef 18/04/2013S 845/2018 wef 01/01/2019
A licensed insurer shall value the outstanding premiums and agents’ balances by aggregating the principal amounts outstanding after deducting any allowance for impairment losses.