{
  "url": "https://openlegislation.uk/insurance-companies-credit-insurance-regulations-1990/schedule-1/paragraph-2",
  "json_url": "https://openlegislation.uk/insurance-companies-credit-insurance-regulations-1990/schedule-1/paragraph-2.json",
  "legislation": "uksi/1990/1181",
  "legislation_title": "The Insurance Companies (Credit Insurance) Regulations 1990",
  "legislation_url": "https://openlegislation.uk/insurance-companies-credit-insurance-regulations-1990",
  "path": "schedule/1/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": "Method No 1",
  "text": "Such reserve shall in each financial year receive 75% of any technical surplus arising on credit insurance business, subject to a limit of 12% of the net premiums or contributions until the reserve has reached 150% of the highest annual amount of net premiums or contributions received during the previous five financial years.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1990/1181/schedule/1/paragraph/2",
    "retrieved_at": "2026-10-29T15:19:36.759019+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}