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  • Unit Trust or Mutual Funds

    • CA-4.2.17

      Where the issuer can be required to purchase the units or other beneficial interests from the holder upon the holder giving notice of one month or less and the value of the holdings or other beneficial interests in any one unit trust or mutual exceeds 5.0% of the insurance business amount, the admissible value of the said assets for the purpose of this Chapter must be restricted to 5.0% of the insurance business amount.

      Amended: January 2007

    • CA-4.2.18

      Where the issuer is not required to purchase the units or other beneficial interests from the holder upon the holder giving notice of one month or less and the value of the holdings or other beneficial interests in any one unit trust or mutual fund 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