# The Insurance Companies Regulations 1994, Paragraph 1: Method No. 2


In respect of credit insurance business the company shall set up an equalisation reserve to which shall be charged any technical deficit arising in that business for a financial year.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/schedule/14/paragraph/1n2 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/schedule-14/paragraph-1n2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.