[(1) The provisions of this section have effect for the purposes of this Part as it applies in relation to an authorised insurance company carrying on long-term business, other than—
(a) a person to whom section 833A applies; or
(b) an insurance special purpose vehicle.]
(2) An amount included in the relevant part of the company's balance sheet that—
(a) represents a surplus in the fund or funds maintained by it in respect of its long-term business, and
(b) has not been allocated to policy holders or, as the case may be, ca
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