# The Insurance Companies (Accounts and Statements) Regulations 1996, Paragraph 25: Business managed together


(1) For the purposes of Forms 25 and 29, risks may be regarded as managed together if—
(a) they incept in the same financial year and are accounted for using the non-annual method; and
(b) they may be treated as managed together under generally accepted accounting practice.
(2) Where any amount is shown on Form 25 or 29 for the transfer of anticipated surplus, the following shall be stated by way of supplementary note to that Form—
(a) a description of the business in respect of which the anticipated surplus arises and of the business in respect of which the deficit to be offset arises (including in the case of Form 25 the risk groups or business categories into which such business falls); and
(b) the reason for treating the business as managed together.

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Source: https://www.legislation.gov.uk/uksi/1996/943/schedule/2/paragraph/25 (the official version)
Page: https://openlegislation.uk/insurance-companies-accounts-and-statements-regulations-1996/schedule-2/paragraph-25
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.