# Council Directive of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings (91/674/EEC), Article 41

Extent: E+W+S+N.I.

Non-life-insurance technical account: item I (7) (c)
Life-assurance technical account: item II (8) (c)
Administrative expenses
Administrative expenses shall include the costs arising from premium collection, portfolio administration, handling of bonuses and rebates, and inward and outward reinsurance. They shall in particular include staff costs and depreciation provisions in respect of office furniture and equipment in so far as these need not be shown under acquisition costs, claims incurred or investment charges.

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Source: https://www.legislation.gov.uk/eudr/1991/674/article/41 (the official version)
Page: https://openlegislation.uk/eu-directive-1991-674/article-41
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.