# The Insurance Companies Regulations 1994, Paragraph 4: General business


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:—
a period of three years in which to bring the fund up to 1,000,000 units of account;
a period of five years to bring the fund up to 1,200,000 units of account;
a period of seven years to bring the fund up to 1,400,000 units of account;
such periods to run from the date on which the criteria set out in paragraph 3 are fulfilled.

---
Source: https://www.legislation.gov.uk/uksi/1994/1516/schedule/5/paragraph/4 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/schedule-5/paragraph-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.