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HMRC internal manual

General Insurance Manual

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HM Revenue & Customs
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Technical provisions: periods of account beginning on or after 1 January 2000 and ending before 19 July 2007: General Insurance Reserves (Tax) Regulations: Unearned Premium Provision and Unexpired Risks Provision

Regulation 3: Rule 10: Unearned Premium Provision and Unexpired Risks Provision

In calculating the FA00/S107 adjustments no account was taken of any provisions for unearned premiums (UPP) or unexpired risks (URP).

This was the case even if an election had been made under FA00/S107 (4) to disclaim those elements of the provision.