SCHEDULE 3INSURANCE COMPANIES: COMPANIES ACT INDIVIDUAL ACCOUNTS

PART 3NOTES TO THE ACCOUNTS

M1Information supplementing the profit and loss account

Annotations:
Marginal Citations
M1

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).

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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.