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  • Equity Shares

    • CA-4.2.13

      Equity shares that are listed securities must be valued on the closing market quotation or the latest available market quotation.

      Amended: January 2007

    • CA-4.2.14

      If the value of equity shares, that are listed securities, in any one company together with its associated companies exceeds 5% of the insurance business amount the admissible value of the said assets for the purpose of this Chapter must be restricted to 5% of the insurance business amount.

      Amended: January 2007

    • CA-4.2.15

      Equity shares that are not listed securities must be valued at the lower of:

      (a) The carrying value of these shares on the books of the insurance firm;
      (b) 75% of the net asset value for each share owned by the insurance firm (based on the most recently available financial information); and
      (c) The amount which would reasonably be paid by way of consideration for an immediate transfer or assignment of the investment.
      Amended: January 2007

    • CA-4.2.16

      If the value of equity shares, that are not listed securities, in any one company together with its associated companies exceeds 1.0% of the insurance business amount, the admissible value of the said assets for the purpose of this Chapter must be restricted to 1.0% of the insurance business amount.

      Amended: January 2007