Section 22
( 1}
of Insurance Regulations, 2006
Subsidiary LegislationIn forceProvision 22 of 42
Section 22
The value of investment income due or accrued shall not include any amount outstanding for more than one year.
(2}
The value of any accounts receivable ans1ng from the sale of investments shall be an amount not greater than the principal amount outstanding.
(3)
Notwithstanding sub-regulations {1} and {2), an insurer shall provide all balances which are outstanding for more than 6 months from the inception date of the policy as doubtful debts.
Motor vehicles and computer equipment.