run -off insurance

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Postby roltov on Wed May 04, 2005 4:46 am

Is a single premium paid for, say 6 years, run-off insurance on close of a business allowable in full against profit in the year of payment?
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Postby King_Maker on Wed May 04, 2005 11:04 am

It might qualify, if it's similar to a stop-loss policy for a Lloyds Underwriter.
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