Commentary

D7.512 General principles

Corporate tax
Corporate tax | Commentary

D7.512 General principles

Corporate tax | Commentary

Reinsurance

D7.512 General principles

The rules in this division apply for accounting periods beginning before 1 January 2013. For accounting periods beginning on or after 1 January 2013 see Division D7.4.

Like all insurers, life insurance companies have long used reinsurance as a way to manage their exposure to risk and to reduce the need for regulatory capital.

A number of companies specialise in writing reinsurance of life insurance business and write no direct business themselves, such companies are often referred to as 'pure' reinsurers. Because they traditionally underwrite mortality rather than investment risks, pure reinsurers tend to receive less

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