# The Friendly Societies (Accounts and Related Provisions) Regulations 1994, Paragraph 36: Provision for unexpired risks

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

The provision for unexpired risks (as defined in paragraph 10 of Schedule 9 below) must be computed on the basis of claims and administrative expenses likely to arise after the end of the financial year from contracts concluded before that date, in so far as their estimated value exceeds the provision for unearned premiums and any premiums receivable under those contracts.

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Source: https://www.legislation.gov.uk/uksi/1994/1983/schedule/6/paragraph/36 (the official version)
Page: https://openlegislation.uk/friendly-societies-accounts-and-related-provisions-regulations-1994/schedule-6/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.