- Latest available (Revised)
- Original (As made)
This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
76.—(1) As regards long term business, the company shall disclose—
(a)gross premiums written, and
(b)the reinsurance balance.
(2) Subject to sub-paragraph (3) below—
(a)gross premiums written shall be broken down between those written by way of direct insurance and those written by way of reinsurance; and
(b)gross premiums written by way of direct insurance shall be broken down—
(i)between individual premiums and premiums under group contracts;
(ii)between periodic premiums and single premiums; and
(iii)between premiums from non-participating contracts, premiums from participating contracts and premiums from contract where the investment risk is borne by policy holders.
(3) Disclosure of any amount referred to in sub-paragraph (2)(a) or (2)(b)(i), (ii) or (iii) shall not be required if it does not exceed 10 per cent. of the gross premiums written or (as the case may be) of the gross premiums written by way of direct insurance.
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
Click 'View More' or select 'More Resources' tab for additional information including: