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Companies Act 1985
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Changes over time for: Paragraph 44
Version Superseded: 06/04/2008
Alternative versions:
- 19/12/1993- Amendment
- 06/04/1997
Point in time - Stop date 06/04/2008- Amendment
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Point in time view as at 06/04/1997. This version of this provision has been superseded.
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Provision for unearned premiumsU.K.
44(1)The provision for unearned premiums shall in principle be computed separately for each insurance contract, save that statistical methods (and in particular proportional and flat rate methods) may be used where they may be expected to give approximately the same results as individual calculations.
(2)Where the pattern of risk varies over the life of a contract, this shall be taken into account in the calculation methods.
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