39(1)The value of such securities shall be estimated at their market value, not exceeding par, at the time they are deposited.

39(2)If any other than approved securities are offered as a deposit, the Minister may accept them on such valuation and on such conditions as he deems proper.

39(3)If the market value of any securities that are deposited by any insurer declines below that at which they were deposited, the Minister may notify the insurer to make such further deposit as is necessary to ensure that the accepted value of all securities deposited equals the amount that is required by this Act to be deposited.

39(4)On failure by the insurer to make a further deposit within sixty days after being so required, the Superintendent may suspend or cancel its licence.

39(5)The property in any stock, bonds or debentures heretofore or hereafter deposited with the Minister of Finance under the provisions of this or any Act licensing insurers, shall be vested in the Minister of Finance by virtue of his office, without any formal transfer while such stock, bonds or debentures form the whole or any part of the deposit required by this Act.

39(6)So long as the conditions of this Act are satisfied and no notice of any final judgment against the insurer or order for its winding-up, or for the distribution of its assets, or for administration of its deposit is given to the Minister, the insurer is entitled to receive the income from the securities forming the deposit.