অন্যান্য বিমা ব্যবসার মুনাফা এবং লাভ গণনা

(1) The profits or gains of any insurance business, other than life insurance, as shown in the annual accounts prepared in accordance with the provisions of the Insurance Act, 2010 (Act No. 13 of 2010), shall be considered the profits and gains of that insurance business. When calculating profits and gains, any expenditure other than allowable expenses under sections 49-53 must be excluded. For life insurance businesses, profits and losses from investments and depreciation or appreciation must be reflected in the profit account as per paragraph 4.

(2) In any year, a company may deduct an amount from the profit account determined under subparagraph (1) to cover exceptional losses, provided that:

• R = Up to 10% of the premium-generated income for the year.

(3) Notwithstanding anything in this Act, if any amount deducted under subparagraph (2) for purposes other than settling exceptional losses is paid, distributed, or transferred, such amount shall be deemed premium-generated income of the company for the year in which the deduction was made, along with other premium-generated income of the company for that year. In the event of the company's liquidation or cessation of business, which this paragraph applies to, the total amount deducted under subparagraph (2), less any amount used to cover exceptional losses, shall be deemed the total premium income of the company for that year along with other income.

Explanation—For the purpose of this paragraph:

(a) "Exceptional loss" means any loss exceeding 50% of the average premium income for the year or 50% of the average premium income for the previous three years, whichever is greater. If the company's total global income is proportionate to the premium income generated in Bangladesh, such proportionate income shall be deemed the total premium income of the company.

(b) For any non-resident Bangladeshi life insurance company whose total global income is determined through actuarial valuation at regular intervals, the profits and gains from life insurance business conducted in Bangladesh must be calculated according to the provisions mentioned in these paragraphs.