{
  "url": "https://openlegislation.uk/insurance-companies-regulations-1994/schedule-1/part-I/paragraph-17",
  "json_url": "https://openlegislation.uk/insurance-companies-regulations-1994/schedule-1/part-I/paragraph-17.json",
  "legislation": "uksi/1994/1516",
  "legislation_title": "The Insurance Companies Regulations 1994",
  "legislation_url": "https://openlegislation.uk/insurance-companies-regulations-1994",
  "path": "schedule/1/part/I/paragraph/17",
  "kind": "paragraph",
  "number": "17",
  "heading": "Projections",
  "text": "For each of the first three financial years following authorisation—\n(a) a forecast balance sheet (on both optimistic and pessimistic bases),\n(b) a plan (on both optimistic and pessimistic bases) setting out detailed estimates of income and expenditure in respect of direct business, reinsurance acceptances and reinsurance cessions, and\n(c) estimates relating to the financial resources intended to cover underwriting liabilities and the margin of solvency.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1994/1516/schedule/1/part/I/paragraph/17",
    "retrieved_at": "2026-10-29T13:31:36.830993+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}