Form, investment and situation of assets
19.  The Authority may prescribe or specify in directions, either generally or in such circumstances and to such extent as may be prescribed or specified —
(a)the manner in which the assets of any insurance fund of a licensed insurer are to be invested and the places in which such assets are to be maintained; and
(b)the nature of the assets that is appropriate in relation to the currency in which the liabilities of the insurer are or may be required to be met.
[Act 11 of 2013 wef 18/04/2013]