# The Insurance Companies (Credit Insurance) Regulations 1990, Paragraph 2: Method No 1


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.

---
Source: https://www.legislation.gov.uk/uksi/1990/1181/schedule/1/paragraph/2 (the official version)
Page: https://openlegislation.uk/insurance-companies-credit-insurance-regulations-1990/schedule-1/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.