1. The home Member State may not authorise insurance undertakings to cover their technical provisions and equalisation reserves with any assets other than those in the following categories:
A. Investments
(a) debt securities, bonds and other money and capital market instruments;
(b) loans;
(c) shares and other variable yield participations;
(d) units in undertakings for collective investment in transferable securities and other investment funds;
(e) land, buildings and immovable property rights;
B. Debts and claims
(f) debts owed by reinsurers, including reinsurers shares of technical provisions, and by the special purpose vehicles referred to in Article 46 of Directive 2005/68/EC of the European Parliament and of the Council of 16 November 2005 on reinsurance [OJ L 323, 9.12.2005, p. 1.];
(g) deposits with and debts owed by ceding undertakings;
(h) debts owed by policyholders and intermediaries arising out of direct and reinsurance operations;
(i) claims arising out of salvage an