Regulation 4 Appropriate amount of technical provisions: general insurers (other than a member of a Lloyd’s syndicate)I1
United Kingdom
For a period of account, the appropriate amount of the technical provisions for the purposes of paragraph 1 of Schedule 11 is the aggregate of—
(a)
the amount of the provision for unearned premiums determined in accordance with paragraph 50 of Schedule 3 to the Accounts and Reports Regulations;
(b)
the amount of the provision for unexpired risks determined in accordance with paragraph 51 of that Schedule; and
(c)
the estimated amount of the liabilities in respect of claims outstanding arising from the general insurer’s general business determined in accordance with regulations 5 to 8.