Regulations 4 and 14.
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1 Descriptions of Asset |
2 Maximum % of net premium income which an individual asset in column 1 must not exceed |
3 Maximum % of net premium income which the aggregate of the assets in column 1 must not exceed |
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16. |
Amounts recorded in the insurance company's books as due in respect of premiums (other than premiums in respect of treaty reinsurance accepted) which either- |
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(a) |
have not been paid, or |
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(b) |
have been received by an intermediary on behalf of the company, but have not been paid to the company by the intermediary, |
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less any rebates, refunds and commission recorded in the company's books as allowable or payable in respect of any such amounts. |
2.5% |
15% |
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