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Regulation 17 Supplementary business

Original text. Later amendments are not shown.

For a contract which contains supplementary business, the required margin of solvency shall be determined by taking the aggregate of the results arrived at–

(a)

in the case of so much of the contract as is within a class of long term business, by applying the appropriate method prescribed for that class in regulation 13, 14, 15 or 16 above, and

(b)

in the case of so much of the contract as is supplementary business, by applying the method of calculation set out in Schedule 3.