Paragraph 2

Where for the purpose of determining any supplementary amount in accordance with paragraph 1 above the insurance company cannot reasonably ascertain—

the asset in question shall be left out of account for that purpose.

In this Part of this Schedule—

• “relevant dependant” means—

  1. (a)

     where this Schedule is being applied in relation to the determination of the value of a share in, or debt due or to become due from, a dependant of the insurance company which is a long term business asset of the insurance company, any dependant of the insurance company—

     1. (i)

        a share in which, or in any company of which it is a dependant, is a long term business asset of the insurance company, or

     2. (ii)

        from which a debt is due, or will become due, to the insurance company which is a long term business asset of that company; and

  2. (b)

     in any other case, any dependant of the insurance company—

     1. (i)

        a share in which, or in any company of which it is a dependant, is a general business asset of the insurance company, or

     2. (ii)

        from which a debt is due, or will become due, to the insurance company which is a general business asset of that company.