# The Insurance Companies (Accounts and Statements) Regulations 1996, Regulation 21: Information on major general business reinsurance cedants


(1) Subject to the provisions of regulation 22 below, a company which carries on general business shall annex to the documents referred to in regulations 6, 7 and 8 above, and relating to the financial year in question, a statement of—
(a) the full name of each of its major cedants and the address of the registered office or of the principal office in the country where it is incorporated (or, in the case of an unincorporated body, of the principal office) of each such cedant;
(b) whether (and, if so, how) the company was at any time in the financial year connected with any such cedant;
(c) the amount of the total of the gross premiums receivable in the financial year from each such cedant in respect of general business accepted under reinsurance treaties;
(d) the amount of any deposit made with any such cedant as included at line 57 of Form 13; and
(e) the amount of any debt of each such cedant in respect of general business accepted under reinsurance treaties, included at line 74 of Form 13,
or a statement that it has no major cedant.
(2) For the purposes of this regulation, a major cedant of a company is another company from which (whether alone or with any body corporate which is connected with such other company) the company has accepted general business under one or more reinsurance treaties for which the gross premiums receivable exceed the greater of—
(a) 5 per cent. of the gross premiums receivable by the company in respect of general business accepted under reinsurance treaties; and
(b) 2 per cent. of the gross premiums receivable by the company in respect of general business,
in the financial year in question or in any of the three immediately preceding financial years of the company.

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Source: https://www.legislation.gov.uk/uksi/1996/943/regulation/21 (the official version)
Page: https://openlegislation.uk/insurance-companies-accounts-and-statements-regulations-1996/regulation-21
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.