| Valuation of liabilities of general business |
| Valuation of liabilities of general business (net of reinsurance) |
19.—(1) A licensed insurer must calculate the liabilities (net of reinsurance) in respect of policies of an insurance fund established and maintained under section 17 of the Act for the general business of the insurer as the sum of —
[S 845/2018 wef 01/01/2019] |