# The Insurance Companies Regulations 1994, Paragraph 7: Long term and general business


In relation to a United Kingdom or EEA margin of solvency maintained under section 32(2)(b) or (3)(b) of the Act, the minimum guarantee fund for long term business or general business shall be one-half of the amount arrived at by applying the foregoing provisions of this Schedule.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/schedule/5/paragraph/7 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/schedule-5/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.