Regulation 3
Prescribed offshore risks
of Income Tax (Deduction for Special Reserves of Approved General Insurers) Regulations 2006
Subsidiary LegislationIn forceProvision 3 of 11
Regulation 3
The following are the prescribed offshore risks for the purposes of section 14O of the Act:
(a)
property risks, including consequential loss risks but excluding non-proportional treaty risks;
(b)
property non-proportional treaty risks, including consequential loss risks;
(c)
marine and aviation hull and liability risks;
(d)
mortgage indemnity risks;
(e)
nuclear, pharmaceutical and pollution risks;
(f)
credit and political risks; and
(g)
financial guarantee risks.