13B.—(1) Unless otherwise specified in this Part, a Service Company shall value an asset of an insurance fund in accordance with the Accounting Standards.
(2) The following items shall not be treated as assets of an insurance fund:
(a)
assets comprised in the deposit made and maintained by the administrator under regulation 16; and
(b)
intangible assets, including the goodwill of the syndicate to which the insurance fund relates.