# The Insurance Companies Regulations 1994, Regulation 26: Implicit items: hidden reserves


The implicit item relating to hidden reserves, if it consists of hidden reserves resulting from the underestimation of assets and overestimation of liabilities (other than mathematical reserves), may, in so far as the hidden reserves in question are not of an exceptional nature, be given its full value.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/regulation/26 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/regulation-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.