Regulation 16 Additional information on prescribed general business

(1)

This regulation applies to general business prescribed for the purposes of section 34A of the Act^f1.

(2)

Every company to which section 34A of the Act applies which carries on general business to which this regulation applies shall, in accordance with the requirements of Schedule 2 below, prepare—

(a)

Form 37;

(b)

Form 38 for business reported on Forms 21, 22 and 23; and

(c)

Form 39 for business reported on Forms 24 and 25.

(3)

In Forms 37 to 39, words and expressions which are also used in the Insurance Companies (Reserves) Regulations 1996 (as from time to time in force) shall have the same meaning as in those Regulations.

Annotations

Footnotes

f1: Section 34A was inserted by the Insurance Companies (Reserves) Act 1995 (1995 c. 29), section 1(1). The Insurance Companies (Reserves) Regulations 1996 (S.I. 1996/946), reg. 3(2) and (3) and prescribes for the purposes of section 34A business to which Parts II and III of those Regulations apply.