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HMRC internal manual

General Insurance Manual

Technical provisions: periods of account beginning on or after 1 January 2000 and ending before 19 July 2007: General Insurance Reserves (Tax) Regulations: apportionments

Regulation 9: apportionments

Regulation 9 applied to all the other regulations and required any necessary apportionments to be carried out on a just and reasonable basis.

For example, portfolio reinsurance might cover liabilities arising in several different years. Apportionment of both premiums and recoveries between years for the purposes of regulation 3(3) Rule 3 might be necessary.