# Council Directive of 19 December 1991 on the annual accounts and consolidated accounts of insurance undertakings (91/674/EEC), Article 54

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

In non-life insurance the amount of any deferred acquisition costs shall be established on a basis compatible with that used for unearned premiums.
In life assurance the calculation of the amount of any acquisition costs to be deferred may be taken into the actuarial calculation referred to in Article 59.

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Source: https://www.legislation.gov.uk/eudr/1991/674/article/54 (the official version)
Page: https://openlegislation.uk/eu-directive-1991-674/article-54
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.