Limits of reserve for unexpired risks
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....on under paragraph 4(1)(d) of Schedule XIV to the Act, shall not exceed,- (a) where the insurance business relates to fire insurance or engineering insurance that covers terrorism risks, 100% of the net premium income of such business of the tax year; or (b) where the insurance business relates to fire insurance or miscellaneous insurance, other than those mentioned in clause (a)....
TaxTMI