https://www.taxtmi.com/acts?id=55597 Premium income must be recognised over the contract term or risk period, as relevant, net of tax collected from policyholders. Amounts attributable to future periods require an unearned premium reserve, shown separately as current liabilities with a disclosed assessment basis, while premium received before risk commencement is also a separate current liability. Outstanding-claim liabilities must include unpaid reported claims, IBNR and IBNER, and be actuarially estimated with an appointed actuary's fairness certificate. en-us Mon, 21 Sep 2026 14:09:06 +0530 Mon, 21 Sep 2026 14:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=55597 Premium income must be recognised over the contract term or risk period, as relevant, net of tax collected from policyholders. Amounts attributable to future periods require an unearned premium reserve, shown separately as current liabilities with a disclosed assessment basis, while premium received before risk commencement is also a separate current liability. Outstanding-claim liabilities must include unpaid reported claims, IBNR and IBNER, and be actuarially estimated with an appointed actuary's fairness certificate. Act-Rules Indian Laws Mon, 21 Sep 2026 14:09:06 +0530 https://www.taxtmi.com/acts?id=55597