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LAM11010 | Long-term business fixed capital: overview: FA12/S137

From HM Revenue & Customs · Life Assurance Manual

The division of assets in a life insurance company is illustrated in the diagram below:

The diagram shows the different types of business streams that can be held within a life insurance company. For an overview of the various components of a life insurance company see LAM01130.

The long-term business rules for BLAGAB and non-BLAGAB LTB do not apply to:

  • general insurance business (LAM11070)

  • assets forming part of the long-term business fixed capital (LTBFC) (LAM11030)

  • assets which are not held for the purposes of the insurance trade(s) (LAM11070)