Section 15
of Insurance Regulations, 2006
Subsidiary LegislationIn forceProvision 15 of 42
Section 15
The value of securities issued by a government or a public authority of that government shall, at the election of the insurer, be -
{a) their amortised values; or
(b)
the aggregate cost or the aggregate of the nominal value of the securities, whichever is the lower.
Unit trusts and equity shares.