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You are viewing the Rulebook in the past on 01/08/2021
Coronavirus (covid-19) updates. PRA rules on Emergencies see General Provisions Part Ch.2.
Some PRA rules have changed to reflect UK withdrawal from the European Union. Firms’ obligations should be interpreted in accordance with the PRA Transitional Direction, available here, and related guidance, available here.
means a method for modifying the net premium reserve method of valuing a contract of long-term insurance by increasing the part of the future premiums for which credit is taken so as to allow for initial expenses.
