{
  "url": "https://openlegislation.uk/insurance-companies-regulations-1994/regulation-16",
  "json_url": "https://openlegislation.uk/insurance-companies-regulations-1994/regulation-16.json",
  "legislation": "uksi/1994/1516",
  "legislation_title": "The Insurance Companies Regulations 1994",
  "legislation_url": "https://openlegislation.uk/insurance-companies-regulations-1994",
  "path": "regulation/16",
  "kind": "regulation",
  "number": "16",
  "heading": "Interpretation: Part IV",
  "text": "In this Part of these Regulations—\n“first calculation” and “second calculation” have the meaning given in regulation 18(1) to (3) below;\n“implicit items” has the meaning given by regulation 23(5) below and “implicit item” shall be construed accordingly;\n“required margin of solvency” means a margin of solvency required by section 32 of the Act;\n“zillmerising” means the method known by that name for modifying the net premium reserve method of valuing a long term policy by increasing the part of the future premiums for which credit is taken so as to allow for initial expenses.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1516/regulation/16",
    "retrieved_at": "2026-10-29T13:31:36.830993+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."
}