# The Competition Act 1998 (Determination of Turnover for Penalties) Order 2000, Paragraph 6: Insurance undertakings

Extent: E+W+S+N.I.

The applicable turnover of an insurance undertaking shall be limited to the value of gross premiums received ... 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.

---
Source: https://www.legislation.gov.uk/uksi/2000/309/schedule/paragraph/6 (the official version)
Page: https://openlegislation.uk/competition-act-1998-determination-of-turnover-for-penalties-order-2000/schedule/paragraph-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.