Paragraph 11

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch.4, para.7(6) amended by Insurance Companies (Accounts and Statements) 1997 reg.12
Sch.4, para.15 renumbered (as para.15(1)) by Insurance Companies (Accounts and Statements) 1997 reg.13
Sch.4, para.15(2) added by Insurance Companies (Accounts and Statements) 1997 reg.13
Sch.4, para.19(1)(2) amended by Insurance Companies (Accounts and Statements) 1997 reg.14(1)
Sch.4, para.20 renumbered (as para.20(1)) by Insurance Companies (Accounts and Statements) 1997 reg.15
Sch.4, para.20(2)(3) added by Insurance Companies (Accounts and Statements) 1997 reg.15
Sch.4, para.21(1)(d) added by Insurance Companies (Accounts and Statements) 1997 reg.16
Sch.4, para.20(3) amended by Insurance Companies 1998 reg.9
Sch.4, Form 60 amended by Insurance Companies 1998 reg.10
Sch.4 amended by Insurance Companies 2000 reg.3

(1)

A schedule of the sum of the mathematical reserves (other than liabilities for property linked benefits) and the liabilities in respect of the deposits received from reinsurers as shown in Form 14, analysed by reference to the currencies in which the liabilities are expressed to be payable, together with the value of the assets, analysed by reference to currency, which match such liabilities.

(2)

In the schedule required by sub-paragraph (1) above, liabilities totalling up to 2 per cent. of the total required to be analysed may be grouped together as “other currencies”, and the assets matching those liabilities need not be analysed provided that the proportion of such liabilities which are matched by assets in the same currency is stated.