Recent updates to the General Insurance Manual
Below are details of the amendments that were published on 5 November 2009 (see the update index for all updates)
| Section |
Details of update |
| Revised text to introduction and index to Chapter about equalisation reserves |
|
| Revised text about the background |
|
| Revised text about the application of regulatory rules |
|
| Revised text about the classes of business affected |
|
| Revised text about the de minimis limit |
|
| Revised text about calculation the equalisation reserve (classes
other than credit business) |
|
| Revised text about the creation of the equalisation reserve (classes other than credit business) |
|
| Revised text about the maximum level of reserve (classes other than credit business) |
|
| Revised text in the example of an equalisation reserve (classes other than credit business) |
|
| Revised text about credit insurance business |
|
| Revised text about de minimis limits for credit business |
|
| Revised text about annual accounting on an underwriting year basis |
|
| Revised text about transfers of a block or all of the business |
|
| Revised text about the regulatory return forms |
|
| Revised text about the tax rules |
|
| Revised text about tax adjustments to premiums or claims |
|
| Revised text about errors in returns or accounts |
|
| Revised text about differences between accounting periods and financial
years |
|
| Revised text about funded accounting |
|
| Revised text about shadow equalisation reserves |
|
| Revised text in the worked example of shadow equalisation reserves |
|
| Revised text about an election not to take a tax deduction |
|
| Revised text about parts of equalisation reserves built up prior to the tax rules |
|
| Revised text about cessations |
|
| Revised text about insurers not regulated in the UK and non-statutory
reserves |
|
| Revised text about tax relief for UK branches of EEA insurers |
|
| Revised text about tax relief for UK companies trading outside EEA |
|
| Revised text about UK branches of non-EEA insurers |
|
| Revised text about tax credit relief |
|
| Revised text in the example of apportionment for double taxation relief |
|
| Revised text about anti-avoidance |
|
| Revised text about mutuals and partial mutuals |
|
| Revised text about group regulatory returns |
|
| Revised text about the recalculation of reserves for tax purposes |
|
| Revised text about the International Accounting Standards (IAS) |
