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1 Descriptions of Asset |
2 Maximum % of technical reserves |
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17. |
Debts and shares of the description specified in paragraphs 2, 3, 4, 5, 7 and 8 above or the value of rights under derivative contracts due or to become due from any one company or individual or held in any one company and any of its connected companies to the extent that such debts and shares may be taken into account in accordance with those paragraphs - |
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(a) where not more than 40% of the assets to cover the insurance liabilities are invested in loans or securities of issuing bodies and borrowers in each of which it invests more than 5% of its assets |
10% |
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(b) other than in the circumstances set out in paragraph (a) above. |
5% |