# The Insurance Companies Regulations 1994, Paragraph 5


If the amount arrived at under paragraph 4 above is more than 10 million units of account, it shall be divided into two portions, the former consisting of 10 million units of account and the latter comprising the excess.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/schedule/3/paragraph/5 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/schedule-3/paragraph-5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.