Part

Friendly Society - Asset Valuation

Chapter

Debts Due or to Become Due from an Affiliated Company

Printed on: 06/11/2024

Rulebook at: 01/07/2016

7

Debts Due or to Become Due from an Affiliated Company

7.1

The value of any debt due, or to become due, from an affiliated company must not exceed the amount reasonably expected to be recovered in respect of the debt taking into account only the value of:

  1. (1) the assets identified in 5.3(1); and
  2. (2) any security held in respect of the debt.
  • 01/01/2016