{
  "url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-35",
  "json_url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994/regulation-35.json",
  "legislation": "uksi/1994/1981",
  "legislation_title": "The Friendly Societies (Insurance Business) Regulations 1994",
  "legislation_url": "https://openlegislation.uk/friendly-societies-insurance-business-regulations-1994",
  "path": "regulation/35",
  "kind": "regulation",
  "number": "35",
  "heading": "Long term and general business",
  "text": "(1) Subject to this Part of these Regulations, the amount of liabilities of a society in respect of long term and general business and other lawful activities shall be determined in accordance with generally accepted accounting concepts, bases and policies or other generally accepted methods appropriate for insurance business.\n(2) In determining under paragraph (1) above the amount of liabilities of a society, all contingent and prospective liabilities shall be taken into account.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1981/regulation/35",
    "retrieved_at": "2026-10-29T13:28:42.756083+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}