{
  "url": "https://openlegislation.uk/insurance-companies-regulations-1994/schedule-11/paragraph-2",
  "json_url": "https://openlegislation.uk/insurance-companies-regulations-1994/schedule-11/paragraph-2.json",
  "legislation": "uksi/1994/1516",
  "legislation_title": "The Insurance Companies Regulations 1994",
  "legislation_url": "https://openlegislation.uk/insurance-companies-regulations-1994",
  "path": "schedule/11/paragraph/2",
  "kind": "paragraph",
  "number": "2",
  "heading": null,
  "text": "(1) Where for the purpose of determining any supplementary amount in accordance with paragraph 1 above the insurance company cannot reasonably ascertain—\n(a) the value of any asset of a relevant dependant, or\n(b) the amount of the permitted limit applicable in relation to any asset of a relevant dependant,\nthe asset in question shall be left out of account for that purpose.\n(2) In this Part of this Schedule—\n“relevant dependant” means—\n(a) where this Schedule is being applied in relation to the determination of the value of a share in, or debt due or to become due from, a dependant of the insurance company which is a long term business asset of the insurance company, any dependant of the insurance company—\n(i) a share in which, or in any company of which it is a dependant, is a long term business asset of the insurance company, or\n(ii) from which a debt is due, or will become due, to the insurance company which is a long term business asset of that company; and\n(b) in any other case, any dependant of the insurance company—\n(i) a share in which, or in any company of which it is a dependant, is a general business asset of the insurance company, or\n(ii) from which a debt is due, or will become due, to the insurance company which is a general business asset of that company.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1516/schedule/11/paragraph/2",
    "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."
}