{
  "url": "https://openlegislation.uk/insurance-companies-regulations-1994/schedule-5/paragraph-4",
  "json_url": "https://openlegislation.uk/insurance-companies-regulations-1994/schedule-5/paragraph-4.json",
  "legislation": "uksi/1994/1516",
  "legislation_title": "The Insurance Companies Regulations 1994",
  "legislation_url": "https://openlegislation.uk/insurance-companies-regulations-1994",
  "path": "schedule/5/paragraph/4",
  "kind": "paragraph",
  "number": "4",
  "heading": "General business",
  "text": "Where a company carrying on credit insurance business is required to increase the amount of units of account pursuant to paragraph 3 above, the company shall have:—\na period of three years in which to bring the fund up to 1,000,000 units of account;\na period of five years to bring the fund up to 1,200,000 units of account;\na period of seven years to bring the fund up to 1,400,000 units of account;\nsuch periods to run from the date on which the criteria set out in paragraph 3 are fulfilled.",
  "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/5/paragraph/4",
    "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."
}