9. Equity securities
Feedback & supportLast amended by an amending law of 2013.
A licensed insurer shall value an equity security as follows:
where it is listed on a securities exchange, at its market value; or
where it is not listed on any securities exchange, at its net realisable value.
In determining the net realisable value of an equity security which is not listed on a securities exchange, the insurer shall take into account —
the amount of consideration it would receive by selling the equity security; and
the net tangible asset value of the equity security.
Subregulation 1
A licensed insurer shall value an equity security as follows:
where it is listed on a securities exchange, at its market value; or
where it is not listed on any securities exchange, at its net realisable value.
Subregulation 2
In determining the net realisable value of an equity security which is not listed on a securities exchange, the insurer shall take into account —
the amount of consideration it would receive by selling the equity security; and
the net tangible asset value of the equity security.