20. The value of the aggregate of outstanding premiums and agents'

balances due from policy owners, insurance agents or insurance brokers shall be an amount not greater than the principal amount outstanding after deducting any provision for doubtful debts.

12)

Notwithstanding sub-regulation (1), an insurer shall provide all balances which are outstanding for more than 6 months from the inception date of the policy as doubtful debts.

Deposits withheld by cedents and other recoverables.