Section 19
(1}
of Insurance Regulations, 2006
Subsidiary LegislationIn forceProvision 19 of 42
Section 19
The value of cash and deposits with financial institutions other than negotiable certificates of deposits shall be an amount not exceeding the aggregate of the nominal amount of the holdings.
(2)
The value of negotiable certificates of deposits shall be an amount not exceeding the aggregate of the market value or the aggregate of the nominal amount, whichever is the lower.
1085
Outstanding premiums and agents' balances.