# The Insurance Companies (Accounts and Statements) Regulations 1996, Regulation 6: Balance sheet


(1) The balance sheet required to be prepared by every company under section 17(1) of the Act shall comply with the requirements of Schedule 1 below and shall be in Forms 9 to 15 and 17 completed (as may be appropriate) as specified in paragraphs (2) to (8) below.
(2) Form 9 shall be completed by every company, other than an EFTA company, a Swiss general insurance company or an EEA deposit company.
(3) Form 10 shall be completed by every company.
(4) Forms 11 and 12 shall be completed by every company which carries on general business, other than an EFTA company, a Swiss general insurance company or an EEA deposit company.
(5) Form 13 shall be completed (as appropriate)—
(a) by every company which carries on long term business in respect of—
(i) its total long term business assets; and
(ii) the long term business assets appropriated by it in respect of each separate long term business fund or group of funds for which separate assets have been appropriated;
(b) by every company in respect of its total assets other than long term business assets;
(c) by every external company (other than a pure reinsurer) in respect of long term or general business carried on by it through a branch in the United Kingdom in respect of those assets which are—
(i) deposited with the Accountant General;
(ii) maintained in the United Kingdom; and
(iii) maintained in the United Kingdom and the other EEA States; and
(d) by every United Kingdom deposit company in respect of long term or general business carried on by it through branches in the EEA States concerned in respect of those assets which are—
(i) deposited with the Accountant General;
(ii) maintained in the United Kingdom and such other EEA States where business is carried on; and
(iii) maintained in the United Kingdom and the other EEA States.
(6) Form 14 shall be completed by every company which carries on long term business.
(7) Form 15 shall be completed by every company except a company not trading for profit which carries on only long term business.
(8) For each Form 13 which a company is required to complete under paragraph (5)(a) or (b) above, it shall complete Form 17 in respect of the same business; except that where in respect of that Form all amounts required to be shown would be zero and no supplementary note would be required, Form 13 may instead be accompanied by a supplementary note to that effect and Form 17 may be returned in blank.

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Source: https://www.legislation.gov.uk/uksi/1996/943/regulation/6 (the official version)
Page: https://openlegislation.uk/insurance-companies-accounts-and-statements-regulations-1996/regulation-6
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.