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Regulation 58 Interpretation: Part IX

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

In this Part of these Regulations—

  • “derivative contract” has the meaning given in regulation 44(1) of these Regulations;

  • “general business liabilities” means liabilities of an insurance company arising under or in connection with contracts for general business;

  • “long term liabilities” means liabilities of an insurance company arising under or in connection with contracts for long term business, including liabilities arising from deposit back arrangements;

  • “the valuation date”, in relation to an actuarial investigation, means the date to which the investigation relates.