SCHEDULE 3INSURANCE COMPANIES: COMPANIES ACT INDIVIDUAL ACCOUNTS
PART 3NOTES TO THE ACCOUNTS
M1Information supplementing the profit and loss account
Annotations:
Marginal Citations
87
1
Subject to sub-paragraph (2), there must be disclosed as regards both general and long- term business the total gross direct insurance premiums resulting from contracts concluded by the company—
F1a
in the country in which its head office is located, and
F2b
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
c
in other countries.
2
Disclosure of any amount referred to in sub-paragraph (1) is not required if it does not exceed 5 per cent of total gross premiums.
See regulation 6(2) for exemption for companies falling within section 408 of the 2006 Act (individual profit and loss account where group accounts prepared).