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EY 37: Discontinuance profit formula (existing policies)
or “Section removed: Formula for profit on existing policies no longer applies”
You could also call this:

“How profits were calculated when new insurance policies were stopped (no longer applies)”

This section of the law has been removed. It used to be about how to calculate profits when insurance policies are stopped, but it no longer applies. The government took this part out of the law on 1 July 2010.

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Next up: EY 39: Discontinuance profit formula (existing policies): when partial reinsurance exists

or “How to calculate profit for discontinued insurance policies with partial reinsurance (no longer in effect)”
Next

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

EY 38Discontinuance profit formula (new policies) (Repealed)

    Notes
    • Section EY 38: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).