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CA-4.2.34

For the purposes of Section CA-4.2, 'insurance business amount' means 'general insurance business amount' or 'long-term insurance business amount' as follows:

(a) In terms of general insurance business, the general insurance business amount is the value of the insurance firm's assets (other than long-term insurance business assets) and excluding reinsurance recoveries as determined in accordance with Chapter CA-4; and
(b) In terms of long-term insurance business, the long-term insurance business amount is the value of the insurance firm's assets (other than those relating to general insurance business) and excluding reinsurance recoveries and assets required to match property-linked liabilities in accordance with Chapter CA-4.
Amended: January 2007