GIM6320 - Technical provisions: periods of account beginning on or after 1 January 2000: 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 is taken of any provisions for unearned premiums (UPP) or unexpired risks (URP).

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