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CL-1.3.4

Unremitted insurance premiums held in the client money accountG , in accordance with Paragraph CL-2.2.4, and uncollected premiums from insureds must be recorded as fiduciary assetsG on the balance sheet of the insurance brokerG . Fiduciary assetsG must have an offsetting fiduciary liabilityG representing the total remittances to be made to the insurance firm.

April 2012
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Apr 1 2012 onwards
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