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Paragraph 87 Particulars of business

Original text. Later amendments are not shown.

(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—

(a)

in the member State of its head office,

(b)

in the other member States, and

(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.

Notes on Information supplementing the profit and loss account

Footnotes

f1

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).