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EY 38: Discontinuance profit formula (new policies)
or “How profits were calculated when new insurance policies were stopped (no longer applies)”
You could also call this:

“How to calculate profit for discontinued insurance policies with partial reinsurance (no longer in effect)”

This part of the law used to talk about how to calculate profit when an insurance company stops offering some policies, but only for cases where they had partly shared the risk with another insurance company. However, this rule doesn’t exist anymore. It was removed from the law on 1 July 2010. If you need to know about how insurance companies handle their money now, you’ll need to look at newer parts of the law.

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Next up: EY 40: Discontinuance profit formula (new policies): when partial reinsurance exists

or “How profit was calculated for discontinued insurance policies with partial reinsurance (no longer applies)”
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Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 39Discontinuance profit formula (existing policies): when partial reinsurance exists (Repealed)

    Notes
    • Section EY 39: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).