Cash and deposits
13.—(1)  A licensed insurer shall value any cash or deposit with a financial institution, other than a negotiable certificate of deposit, at the nominal amount of such cash or deposit after deducting any amount deemed uncollectible from the financial institution.
[S 233/2013 wef 18/04/2013]
(2)  A licensed insurer shall value a negotiable certificate of deposit at its market value.
[S 233/2013 wef 18/04/2013]