https://www.taxtmi.com/acts?id=55627 Insurers must value specified inadmissible assets at zero for solvency, including unrealisable receivables, certain outstanding co-insurer and re-insurer balances, deferred expenses, fixed operational assets, fictitious assets and unutilised Goods and Services Tax credit beyond the prescribed period. The ALSM-GI-A statement must reconcile audited-balance-sheet assets, separately identify inadmissible assets, and calculate admissible assets after deducting inadmissible assets, current liabilities and provisions. It requires certification by the appointed actuary, statutory auditor and chief executive officer. en-us Mon, 21 Sep 2026 16:40:39 +0530 Mon, 21 Sep 2026 17:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55627 Insurers must value specified inadmissible assets at zero for solvency, including unrealisable receivables, certain outstanding co-insurer and re-insurer balances, deferred expenses, fixed operational assets, fictitious assets and unutilised Goods and Services Tax credit beyond the prescribed period. The ALSM-GI-A statement must reconcile audited-balance-sheet assets, separately identify inadmissible assets, and calculate admissible assets after deducting inadmissible assets, current liabilities and provisions. It requires certification by the appointed actuary, statutory auditor and chief executive officer. Act-Rules Indian Laws Mon, 21 Sep 2026 16:40:39 +0530 https://www.taxtmi.com/acts?id=55627