8(1)  For the purposes of ascertaining the investment return in each accounting period, the payments specified in paragraphs (2) to (6) below shall be treated as paid on the dates prescribed by those paragraphs in relation to the payment concerned.

8(2)  In any case where under the reinsurance arrangement a premium or any other amount is payable to the reinsurer within 30 days of the date on which the first premium is paid to the reinsurer, the date prescribed as the date on which that premium or other amount is to be treated as paid is the date on which the first premium is paid.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.