# The Friendly Societies (Authorisation) Regulations 1993, Paragraph 12: Projections


For each of the first three financial years following authorisation—
(a) a forecast balance sheet;
(b) estimates relating to expenses of management (other than costs of installation) and in particular to current general expenses and commissions;
(c) estimates relating to premiums or contributions both gross and net of reinsurance and to claims (after all reinsurance recoveries);
(d) estimates relating to the financial resources intended to cover underwriting liabilities and the required margin of solvency.

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Source: https://www.legislation.gov.uk/uksi/1993/99/schedule/2/paragraph/12 (the official version)
Page: https://openlegislation.uk/friendly-societies-authorisation-regulations-1993/schedule-2/paragraph-12
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.