Statutory Instrument 1996 No. 943

      The Insurance Companies (Accounts and Statements) Regulations 1996


      © Crown Copyright 1996

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STATUTORY INSTRUMENTS

1996 No. 943

INSURANCE

The Insurance Companies (Accounts and Statements) Regulations 1996

Made 24th March 1996
Laid before Parliament 28th March 1996
Coming into force
  Regulation 34 30th April 1996
  Remainder 23rd December 1996


ARRANGEMENT OF REGULATIONS

1.  Citation and commencement.
2.  Application.
3.  Interpretation.
4.  Value of assets and amount of liabilities.
5.  Content and form of accounts.
6.  Balance sheet.
7.  Profit and loss account.
8.  Revenue account.
9.  Additional information on general business (accounting classes and discounting).
10.  Business categories for general business (reinsurance treaties accepted).
11.  Additional information on general business (reinsurance treaties accepted).
12.  Risk groups for general business.
13.  Additional information on general business (direct and facultative business).
14.  Additional information on general business (direct and facultative reconciliation business).
15.  Currencies other than sterling.
16.  Additional information on prescribed general business.
17.  Additional information on long term business.
18.  Forms prepared pursuant to regulations 9, 11 and 13 to 17.
19.  Additional information on general business: major treaty reinsurers.
20.  Additional information on general business: major facultative reinsurers.
21.  Information on major general business reinsurance cedants.
22.  Provisions supplemental to regulations 19 to 21.
23.  Additional information on derivative contracts.
24.  Additional information on shareholder controllers.
25.  Periodic actuarial investigation.
26.  Additional information on general business ceded.
27.  Signature of documents.
28.  Certificates.
29.  Audit and auditors' report.
30.  Qualification of actuary.
31.  Information on appointed actuary.
32.  Qualifications of auditor.
33.  Transitional provisions.
34.  Amendments of the 1983 Regulations.
35.  Revocations.

  Schedule 1—  Balance sheet and profit and loss account (Forms 9 to 17).

  Schedule 2—  General business: revenue account and additional information (Forms 20 to 39).

  Schedule 3—  Long term business: revenue account and additional information (Forms 40 to 45).

  Schedule 4—  Abstract of valuation report prepared by the appointed actuary (Forms 46 to 61).

  Schedule 5—  General business: additional information on business ceded.

  Schedule 6—  Certificates by directors and actuary and report of auditors.

  Schedule 7—  Regulations revoked.

 

Explanatory Note


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