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EY 43B: Policyholder income formula: FDR adjustment
or “Outdated rule about policyholder income and FDR adjustments no longer applies”
You could also call this:

“This rule about calculating policyholder income was removed from the law in 2010”

This section of the law, called ‘Policyholder income formula: PILF adjustment’, used to be part of the Income Tax Act 2007. However, it has been removed from the law. The government took it out on 1 July 2010. This means that this particular rule about calculating policyholder income no longer applies. If you need to know about current rules for policyholder income, you should look at other parts of the Income Tax Act that are still in effect.

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Next up: EY 44: Policyholder income formula: when partial reinsurance exists

or “This rule about calculating policyholder income with partial reinsurance no longer applies”
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Part E Timing and quantifying rules
Life insurance rules: Transitional adjustments and annuities

EY 43CPolicyholder income formula: PILF adjustment (Repealed)

    Notes
    • Section EY 43C: repealed, on , by section 190(1) of the Taxation (International Taxation, Life Insurance, and Remedial Matters) Act 2009 (2009 No 34).