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Contents

Official guidance
General Insurance Manual

GIM6010 · Technical provisions: background

  • GIM6020 · Unearned Premium Provision
  • GIM6030 · Unexpired Risks Provision
  • GIM6040 · Unexpired Risks Provision: differences between accounts and regulatory return
  • GIM6050 · Unexpired Risks Provision: discounting
  • GIM6060 · Unexpired Risks Provision: exchange gains and losses
  • GIM6070 · Unexpired Risks Provision: mortgage indemnity business
  • GIM6080 · Technical provisions: general
  • GIM6090 · Accounting practice
  • GIM6100 · Reported claims and 'incurred but not reported' (IBNR)
  • GIM6110 · Salvage, subrogation and reinsurance recoveries
  • GIM6120 · Exchange gains and losses
  • GIM6130 · Claims handling expenses
  • GIM6140 · Enquiries
  1. Technical provisions: background
  2. Technical provisions: background: Unearned Premium Provision

GIM6020 | Technical provisions: background: Unearned Premium Provision

From HM Revenue & Customs · General Insurance Manual

The unearned premium provision (UPP) does not provide for future liabilities, but is the deferral of premium income from one accounting period to the next. The tax treatment of the UPP usually follows the accounting treatment. GIM4060 and GIM4070 give more detail about the accounting treatment of UPP.

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