4.—(1) The assets of any insurance fund established under section 17 of the Act shall be valued in accordance with this Part.
[S 466/2002 wef 01/10/2002]
(2) In determining the surplus of any insurance fund established in respect of Singapore policies, only Singapore Insurance Fund Assets as defined in Part IV shall be taken into account.
(3) This Part shall not apply for the purposes of determining the margin of solvency of an insurer under section section 18(1)(b) of the Act or to any insurance fund established in respect of investment-linked policies.