Timing and quantifying rules - Life insurance rules - Transitional adjustments and annuities
EY 44: Policyholder income formula: when partial reinsurance exists
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.
