# The Insurance Companies Regulations 1994, Regulation 80: Insurance statistics: EFTA States and EFTA companies


(1) Every company which—
(a) being a UK company, in any calendar year provides general insurance in an EFTA State through an establishment in the United Kingdom; or
(b) being an EFTA company, in any calendar year provides general insurance in an EEA State through an establishment in the United Kingdom,
shall prepare in respect of general insurance so provided by it a statement in Form 82 (analysis of gross premiums receivable by groups of classes) in accordance with the requirements of Schedule 15.
(2) Where in any calendar year the gross premiums so earned in any one State by an establishment in the United Kingdom exceed 2,500,000 ECU, the company shall also prepare an underwriting account in Form 83 or Form 84 as set out in Schedule 15 (or both if appropriate).
(3) Every company which—
(a) being a UK company, in any calendar year provides long term insurance in an EFTA State through an establishment in the United Kingdom; or
(b) being an EFTA company, in any calendar year provides long term insurance in an EEA State through an establishment in the United Kingdom,
shall prepare in respect of long term insurance so provided by it a statement in Form 85 (analysis of gross premiums receivable by each of classes I to VI) in accordance with the requirements of Schedule 15.
(4) The forms mentioned in paragraphs (1), (2) and (3) above shall be prepared separately in respect of each State in which the company provides the insurance.
(5) Where paragraph (1) applies and the conditions specified in paragraph (6) below are met in respect of the provision of general insurance in any one State, the Secretary of State may by notice in writing direct the company in future to prepare an underwriting account in Form 83 or Form 84 as set out in Schedule 15 (or both if appropriate) in respect of the provision of general insurance in that State through its establishment in the United Kingdom.
(6) The conditions referred to in paragraph (5) above are that—
(a) in that calendar year the company earned through all its establishments (in the United Kingdom and elsewhere) gross premiums in excess of 2,500,000 ECU in respect of the provision of general insurance in the State concerned, and
(b) the supervisory authorities of the State in which insurance is provided or, if the head office of the company is situated in an EFTA State, the supervisory authorities of that EFTA State, ask the Secretary of State that an underwriting account be kept by the company’s establishment in the United Kingdom for the operations effected in the State where the insurance is provided.
(7) The statements and any underwriting account required by this regulation shall be printed, and three copies shall be deposited with the Secretary of State within nine months after the end of the calendar year to which they relate; but if in any case it is made to appear to the Secretary of State that the circumstances are such that a longer period than nine months should be allowed, the Secretary of State may extend that period by such period not exceeding three months as he thinks fit.
(8) One of the copies of any document deposited under paragraph (7) above shall be a copy signed by a director, a chief executive or the secretary of the company.
(9) Subject to paragraph 10 below, where—
(a) a UK company which has notified the Secretary of State, in accordance with paragraph 9 of Schedule 2G to the Act, of its intention to provide insurance in an EEA State through an establishment in the United Kingdom; or
(b) an EFTA company which has notified the Secretary of State, in accordance with paragraph 23 of Schedule 2F to the Act, of its intention to provide insurance in an EEA State through an establishment in the United Kingdom,
does not in any calendar year provide insurance in that State, it shall send to the Secretary of State a notification of that fact within nine months after the end of the calendar year to which the notification relates, signed by a director, a chief executive or the secretary of the company.
(10) Paragraph (9) above shall not apply if the company has, before the beginning of the calendar year, informed the Secretary of State that it no longer intends to provide insurance in the State in question.
(11) The Secretary of State shall consider the documents deposited under paragraph (7) above or the notification given under paragraph (9) and, if any such document or notification appears to him to be inaccurate or incomplete in any respect, he shall communicate with the company with a view to the correction of any such inaccuracies and the supply of deficiencies.

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Source: https://www.legislation.gov.uk/uksi/1994/1516/regulation/80 (the official version)
Page: https://openlegislation.uk/insurance-companies-regulations-1994/regulation-80
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.