A * general insurance company can deduct for the * current year amounts paid during that year in respect of claims under * general insurance policies.
321 - 45 Assessable income to include gross premiums
321 - 50 Assessable income to include amount for reduction in value of unearned premium reserve
321 - 55 Deduction for increase in value of unearned premium reserve
321 - 60 How value of unearned premium reserve is worked out