| Apportionment of expenses, allowances and donations |
| Apportionment of expenses, allowances and donations |
8.—(1) Any item of expenditure not directly attributable to the offshore general insurance business or offshore life business of an approved insurer, and capital allowances and donations, allowable to the approved insurer under the Act, shall be apportioned between such business and the other insurance business of the approved insurer; and the portion attributable to such business shall, subject to paragraph (3), be ascertained by using the fraction —
[S 80/2009 wef Y/A 2005 & Sub Ys/A] [S 224/2009 wef 22/05/2009]
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