# The Friendly Societies (Long Term Insurance Business) Regulations 1987, Paragraph 1: Solvency


A statement showing the amount by which the assets are expected to exceed liabilities at the date of authorisation (after application of Parts VI and VII of these Regulations) and how calculated.

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Source: https://www.legislation.gov.uk/uksi/1987/2132/schedule/2/paragraph/1 (the official version)
Page: https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/schedule-2/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.