Paragraph 7

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)

Unless shown in Form 51, 52, 53 or 54, the rates of interest and tables of mortality and morbidity assumed in the valuation of each category of contract.

(2)

If the tables used have not been published, full details of the rates of mortality or morbidity used.

(3)

A general description of how the tables of mortality and morbidity assumed in the valuation of the various categories of contract have regard to the State of the commitment.

(4)

Details of any allowance made for future reductions in the rates of mortality in the tables of mortality assumed in the valuation of annuity contracts.

(5)

Details of any allowance made, and the amount of any reserve held, for any possible detrimental impact of significant changes in the incidence of disease or developments in medical science on the mortality and morbidity experience of the company in the tables of mortality and morbidity assumed in the valuation of contracts.

(6)

A description of all the scenarios of future changes in the value of assets which have been tested in order to take account of the nature (including currency) and terms of the assets held in determining the amount of the long term liabilities in accordance with regulation 75 of the Insurance Companies Regulations.

(7)

The amount of any reserve made pursuant to regulation 75(a) of the Insurance Companies Regulations, together with a brief description of the method used and assumptions made to calculate any such reserve.

(8)

In respect of that scenario described under sub-paragraph (6) above which produces the most onerous requirement (whether or not a reserve is thereby required), the amount of any reserve made pursuant to regulation 75(b) of the Insurance Companies Regulations, together with—

(a)

a description of the changed assumptions made (other than the changed interest rate stated in Form 57) in calculating such requirement;

(b)

a brief description of the method used to calculate such requirement; and

(c)

resulting from the application of such changed assumptions—

(i)

the change in the aggregate amount of the long term liabilities; and

(ii)

the aggregate amount by which the assets allocated to match such liabilities in the scenario have changed in value from the amount of those assets shown in Form 13.

(9)

A general description of how the rates of interest assumed in the valuation of the various categories of contract with liabilities denominated in currencies other than sterling have taken into account the currency of the liabilities.