Special rules governing the way in which insurance company assets should be valued for the purpose of government returns and matters relating to solvency. Assets representing long-term funds are separated from those representing general business funds. Further sub-divisions required. The basic rules call for ‘break up values’ and not, as is the case with ordinary commercial companies, ‘going concern’ figures. In this context no value can be placed on goodwill. See ADMISSIBILITY; ASSET LIABILITY are MATCHING.