843 Realised profits and losses of long-term insurance business [of certain insurance companies]
Companies Act 2006 (2006 c 46) | Legislation

843  Realised profits and losses of long-term insurance business [of certain insurance companies]

[(1)     The provisions of this section have effect for the purposes of this Part as it applies in relation to an authorised insurance company carrying on long-term business, other than—

(a)     a person to whom section 833A applies; or

(b)     an insurance special purpose vehicle.]

(2)     An amount included in the relevant part of the company's balance sheet that—

(a)     represents a surplus in the fund or funds maintained by it in respect of its long-term business, and

(b)     has not been allocated to policy holders or, as the case may be, carried forward unappropriated in accordance

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