Glossary
The Rulebook Glossary contains defined terms used in more than one Part across the PRA Rulebook.
The full Glossary can be downloaded as a PDF or printed using the icons to the right.
Term | Definition | Legal instruments for this definition |
---|---|---|
01/01/2016 |
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. |