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HMRC internal manual

General Insurance Manual

From:
HM Revenue & Customs
Published
15 April 2016
Updated:
6 October 2023 - See all updates

GIM1000 - Legal and economic basis of insurance

This section provides guidance on the legal and economic basis of insurance, regulatory definitions, and a brief description of the UK insurance market.

  1. GIM1010
    Legal and economic basis of insurance: introduction
  2. GIM1020
    Legal basis of insurance: no statutory definition
  3. GIM1030
    Legal basis of insurance: case law
  4. GIM1040
    Legal basis of insurance: contract of insurance
  5. GIM1050
    Legal basis of insurance: insurable interest
  6. GIM1060
    Legal basis of insurance: indemnity
  7. GIM1070
    Legal basis of insurance: regulatory definition of 'insurance business'
  8. GIM1080
    Legal basis of insurance: regulatory guidance on 'insurance business'
  9. GIM1090
    Economic basis of insurance: transfer and sharing of risk
  10. GIM1100
    Economic basis of insurance: meaning of risk
  11. GIM1110
    Economic basis of insurance: risk and premiums
  12. GIM1120
    Economic basis of insurance: pooling of risks
  13. GIM1130
    Economic basis of insurance: law of large numbers
  14. GIM1140
    Economic basis of insurance: spread of business
  15. GIM1150
    Economic basis of insurance: 'underwriting risk' and 'timing risk'
  16. GIM1160
    Economic basis of insurance: re-insurance and co-insurance
  17. GIM1170
    The UK insurance market: regulation and supervision
  18. GIM1180
    The UK insurance market: insurance companies
  19. GIM1190
    The UK insurance market: EEA insurers
  20. GIM1200
    The UK insurance market: friendly societies
  21. GIM1210
    The UK insurance market: Lloyd's
  22. GIM1220
    The UK insurance market: the domestic market
  23. GIM1230
    The UK insurance market: the London Market
  24. GIM1240
    The insurance and provisioning cycles