66 Directions as to amounts of premiums

66  Directions as to amounts of premiums

(1)     This section applies where—

(a)     anything is received by way of premium under a taxable insurance contract, and

(b)     the amount of the premium is less than it would be if it were received under the contract in open market conditions.

(2)     The Commissioners may direct that the amount of the premium shall be taken for the purposes of this Part to be such amount

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