# The Insurance Companies (Credit Insurance) Regulations 1990, Paragraph 1: Method No 1


In respect of credit insurance business the company shall maintain an equalisation reserve to which shall be charged any technical deficit arising in that business for a financial year.

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Source: https://www.legislation.gov.uk/uksi/1990/1181/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/insurance-companies-credit-insurance-regulations-1990/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.