387Treatment of deficit on basic life assurance and general annuity business: introduction
This section has no associated Explanatory Notes
(1)Sections 388 to 391 apply instead of Chapter 16 (non-trading deficits) if a company has a non-trading deficit from its loan relationships for BLAGAB for any accounting period.
(2)In those sections “the deficit” and “the deficit period” mean that deficit and that period respectively.