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EY 32: Mortality profit formula: when partial reinsurance exists
or “This outdated section on calculating mortality profit with partial reinsurance was removed”
You could also call this:

“Rules for negative mortality profit calculations in insurance are no longer applicable”

This part of the law used to be about how to calculate mortality profit for insurance companies. It explained when the result of this calculation could be negative. However, this section is no longer in use. The government removed it on 1 July 2010. If you need to know about current rules for calculating mortality profit, you should look at other parts of the tax law that are still active.

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Next up: EY 34: Mortality profit formula: negative result

or “This rule about calculating life insurance profits no longer applies”
Next

Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 33Mortality profit formula: individual result may be negative only in some cases (Repealed)

    Notes
    • Section EY 33: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).