90(1) This section applies if an insurance company re-insures any risk in respect of a policy or contract attributable to its basic life assurance and general annuity business.
90(2) For the purposes of the I – E rules the investment return on the policy or contract is treated as accruing to the company while the risk remains reinsured by the company under the re-insurance arrangement.
90(3) The investment return that is treated as accruing to the company–
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