Paragraph 6 Insurance undertakingsI1
United Kingdom
The applicable turnover of an insurance undertaking shall be limited to the value of gross premiums received F1... which shall comprise all amounts received and receivable in respect of insurance contracts issued by or on behalf of the undertaking, including outgoing reinsurance premiums, and after deduction of taxes and parafiscal contributions or levies charged by reference to the amounts of individual premiums or the total volume of premiums.
Annotations
Textual amendments
- F1
Words in Sch. para. 6 cease to have effect (1.5.2004) by virtue of The Competition Act 1998 (Determination of Turnover for Penalties) (Amendment) Order 2004 (S.I. 2004/1259), arts. 1, 2(4)(d)
Commencement
- I1
Sch. para. 6 in force at 1.3.2000, see art. 1(1)