Section 24

(1)

Any assets for which no provision is made in this Part shall be valued in accordance with internationally accepted accounting principles.

(2)

If, in the circumstances of a particular case, it appears that the value of any asset is of a lesser value than that determined in accordance with this Part, that lesser value shall be the value of the asset.

(3)

Notwithstanding the provisions of these Regulations, the Authority may assign such other value to any asset or type of assets as the Authority considers fit or require that any asset or type of assets be left out of account.

(4)

Assets of any insurance fund established by an insurer under the Order shall not include -

{a) assets comprised in the deposit made by the insurer under section 16 of the Order;

{b)

any amounts on account of goodwill; and

{c)

the benefit of development expenditure or similar items not realisable apart from the business or part thereof.

PARTV

ASSETS OF BRUNEI DARUSSALAM INSURANCE FUND

Definitions of this Part.

Report

Read on from s 25

Part VI

Read on from Part VI

Section 24

Part VI

Part VII

Schedules