# The Friendly Societies (Long Term Insurance Business) Regulations 1987, Paragraph 9: Projections


For each of the first three years of account following authorisation–
(a) a forecast balance sheet (on both optimistic and pessimistic bases);
(b) a plan (on both optimistic an pessimistic bases) setting out detailed estimates of income and expenditure in respect of direct business and reinsurance cessions; and
(c) estimates relating to the financial resources intended to cover underwriting liabilities and the margin of solvency.

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Source: https://www.legislation.gov.uk/uksi/1987/2132/schedule/2/paragraph/9 (the official version)
Page: https://openlegislation.uk/friendly-societies-long-term-insurance-business-regulations-1987/schedule-2/paragraph-9
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.