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EY 43C: Policyholder income formula: PILF adjustment
or “This rule about calculating policyholder income was removed from the law in 2010”
You could also call this:

“This rule about calculating policyholder income with partial reinsurance no longer applies”

You might have seen the rule ‘Policyholder income formula: when partial reinsurance exists’ in the Income Tax Act 2007. This rule was part of a section about ‘Transitional adjustments and annuities’. However, this rule no longer exists. It was removed on 1 July 2010. This means that if you’re looking at the current version of the law, you won’t find this rule anymore.

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Next up: EY 45: Policyholder income formula: when life insurance business transferred

or “This rule about calculating policyholder income for transferred life insurance businesses is no longer in use”
Next

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

EY 44Policyholder income formula: when partial reinsurance exists (Repealed)

    Notes
    • Section EY 44: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).