unsecured advance (4) For the purposes of this section and section 11B, "unsecured advance", "unsecured loan", or "unsecured credit facility" mean respectively- (a) an advance, a loan, or a credit facility made without security; or (b) in the case of an advance, a loan, or a credit facility made with security, any portion of the advance, loan, or credit facility which at any time exceeds- (i) the market value of the assets constituting the security; or (ii) the value of the assets constituting the security assessed on a basis approved by the Director General where he is satisfied that there is no established market value. ACT A432 - INSURANCE (AMENDMENT) ACT 1978 8. New sections 11A, 11B and 11C.