The Association of British Insurers (ABI) has agreed a protocol
for the valuation of insurance policies (including with-profits
policies) with HMRC. This is not a detailed prescriptive method of
valuing policies; it is a broad framework. Insurance policies
should be valued in accordance with the ABI protocol.
Any question on the valuation of insurance policies as at 5
April 2006 should be raised with the insurer providing the
policy.
| Glossary ( RPSM20000000) |
