Chapter GIM7080

Published date15 April 2016
Record NumberGIM7080
CourtHM Revenue & Customs

The equalisation reserve is not available to meet losses from any class or type of business which is outside the scope of equalisation reserves, such as motor insurance, however high claims might be in a particular year.

The equalisation reserve for credit insurance must be maintained and calculated separately from the reserve for other business. It follows that exceptional...

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