Deposits withheld by cedents and other recoverables
12.—(1) The value of deposits withheld by ceding insurers shall be an amount not exceeding the aggregate of the amount outstanding after deducting any amount deemed to be uncollectible.
(2) The value of net claims recoverable from reinsurers shall be an amount not exceeding the aggregate of the amount outstanding after deducting any amount deemed to be uncollectible.
(3) The amount of any income tax recoverable shall not include any amount which is likely to be disallowed by the tax authorities.