8.—(1) Unless otherwise specified in this Part, a registered insurer shall value an asset of an insurance fund in accordance with the Accounting Standards.
(2) For the avoidance of doubt, assets comprised in the deposit made by the insurer under section 14 of the Act shall not be treated as assets of an insurance fund.
[S 884/2005 wef 31/12/2005]
Informal Consolidation | Amended S 112/2012
Valuation of assets
8.—(1) Unless otherwise specified in this Part, a registered insurer shall value an asset of an insurance fund in accordance with the Accounting Standards.