# The Insurance Companies (Reserves) Regulations 1996, Paragraph 7: Methods of calculating transfers out


For the purposes of paragraphs 5 and 6 above, if net premiums earned or net premiums written, as the case may be, in respect of any business in any financial year are negative, their value shall be deemed to be zero for the purposes of calculating the abnormal loss in respect of that business.

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Source: https://www.legislation.gov.uk/uksi/1996/946/schedule/1/paragraph/7 (the official version)
Page: https://openlegislation.uk/insurance-companies-reserves-regulations-1996/schedule-1/paragraph-7
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.