Comparison View

Formal Consolidation |  Amended S 884/2005
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.
(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 845/2018
Recognition and valuation of assets generally
8.  Unless otherwise specified in this Part or any direction issued by the Authority, an asset of an insurance fund is to be recognised and valued by a licensed insurer in accordance with the Accounting Standards.
[S 845/2018 wef 01/01/2019]