Part 5Loan Relationships
Chapter 18General and supplementary provisions
Connections between persons
471Creditors who are insurance companies carrying on BLAGAB
(1)
This section sets out the conditions referred to section 468(1)(b)).
(2)
Condition A is that the creditor is an insurance company carrying on basic life assurance and general annuity business in the accounting period.
(3)
Condition B is that the asset representing the creditor relationship F1is matched for that period to a BLAGAB liability.
(4)
Condition C is that conditions C, D and E in section 469 are met in relation to that asset.