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


Such reserve shall in each financial year receive 75 per cent. of any technical surplus arising on credit insurance business, subject to a limit of 12 per cent. of the net premiums or contributions until the reserve has reached 150 per cent. of the highest annual amount of net premiums or contributions received during the previous five financial years.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/schedule/14/paragraph/2n1 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/schedule-14/paragraph-2n1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.