# The Insurance Companies (Reserves) Regulations 1996, Regulation 12: Equalisation reserve: Part III


A Part III company shall maintain an equalisation reserve in respect of credit insurance business carried on by the company in accordance with Schedule 2 to these Regulations.

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Source: https://www.legislation.gov.uk/uksi/1996/946/regulation/12 (the official version)
Page: https://openlegislation.uk/insurance-companies-reserves-regulations-1996/regulation-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.