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Paragraph 16 Projections

Original text. Later amendments are not shown.

For each of the first three financial years following authorisation—

(a)

estimates relating to expenses of management (other than costs of installation) and in particular to current general expenses and commissions,

(b)

‡ estimates relating to premiums or contributions both gross and net of reinsurance and broken down between the United Kingdom, other EEA States and elsewhere and to claims (after all reinsurance recoveries),

(c)

a forecast balance sheet, and

(d)

estimates relating to the financial resources intended to cover underwriting liabilities and the margin of solvency.

Notes on Schedule 2

Footnotes

f1

S.I. 1983/1811; amended by S.I. 1987/2130, reg. 4.