# The General Insurers’ Technical Provisions (Appropriate Amount) (Tax) Regulations 2009, Regulation 6: Provisions supplementing condition A

Extent: E+W+S+N.I.

(1) In the case of a controlled foreign company which is a general insurer within the meaning of paragraph 3(1)(b) of Schedule 11—
(a) references to “general insurer” in regulation 5(2)(a) and in this regulation (other than in sub-paragraph (b) of this paragraph) are to be construed as references to the company referred to in paragraph 3(2)(b) of Schedule 11, and
(b) the reference to “general insurer” in regulation 5(2)(b) is to be construed as a reference to the controlled foreign company.
(2) For the purposes of condition A in regulation 5, an estimate of the amount of the liabilities is an excessive estimate unless the estimate includes no more than a reasonable margin to take into account the nature or type of risks to which the liabilities relate and the uncertainty associated with those risks.
(3) If the opinion referred to in condition A is given to the general insurer by a director, or by an employee who is not a director of the general insurer, the confirmation must include a statement identifying the status of the person who gave the opinion to the general insurer.
(4) Subject to paragraph (5), the confirmation referred to in condition A must accompany the general insurer’s company tax return which relates to the period of account (and if more than one company tax return relates to the period of account the confirmation need only be given with the return which relates to the earliest period in the period of account).
(5) If, at the time the company tax return is made, the general insurer has a reasonable excuse for not providing the confirmation with the company tax return, the confirmation may be provided to an officer of Revenue and Customs separately from the return but must be provided as soon as reasonably possible after the return is made.
(6) In this regulation “company tax return” means a return under paragraph 3 of Schedule 18 to the Finance Act 1998.

---
Source: https://www.legislation.gov.uk/uksi/2009/1926/regulation/6 (the official version)
Page: https://openlegislation.uk/general-insurers-technical-provisions-appropriate-amount-tax-regulations-2009/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.