All notes secured by mortgage or deed of trust on real property, which are in arrears more than three months of either principal or interest, or on the property securing which any taxes, assessments or other charges constituting liens are in arrears or have been advanced by the reporting insurer or an affiliate thereof, shall be valued at amounts not in excess of the lowest of the following:

Advances made on such notes must not be listed elsewhere as assets unless also deducted as “Assets Not Admitted.” Interest on such notes which are in arrears shall not, unless also deducted under “Assets Not Admitted,” be listed elsewhere as an asset in excess of the amount permitted by the valuation requirements of the Department of Insurance of the reporting insurer's state of domicile, nor in excess of interest in arrears one year.