Other definitions
10.—(1) In the Schedules to these Regulations:
“fungible assets” means assets of any description which are substantially indistinguishable one from another; and
“provision for unexpired risks” means the amount set aside in addition to unearned premiums in respect of risks to be borne by the society after the end of the financial year, in order to provide for all claims and expenses in connection with insurance contracts in force in excess of the related unearned premiums and any premiums receivable on those contracts.