The Insurance Companies (Overseas Life Assurance Business) (Excluded Business) Regulations 2000
Section 431D of the Income and Corporation Taxes Act 1988 (c. 1) (“ section 431D”) defines “overseas life assurance business”. Subsection (1) of section 431D, as amended by section 108(1) of the Finance Act 2000 (c. 17), provides that “overseas life assurance business” does not include pension business, life reinsurance business or business of any description excluded from section 431D by regulations. These Regulations set out the business which is so excluded.