1. These Regulations may be cited as the Insurance Companies (Accounts and Statements) (Amendment) Regulations 1991 and shall come into force on 31st December 1991.

2. The Insurance Companies (Accounts and Statements) Regulations 1983(2) shall have effect subject to the following amendments.

3. In regulation 3 (interpretation), in paragraph (c) of the definition of "premiums receivable", for "29A" substitute "38" and for "29B" substitute "39".

4. In regulation 21 (additional information on general business accepted under reinsurance treaties (proportional and non-proportional)), in paragraph (2)(a)(ii) for "Form 27" substitute "Form 27A".

5. In regulation 22 (additional information on general business accepted under reinsurance treaties (proportional))-

(a)in paragraph (2), for "Form 27" substitute "Form 27A";

(b)in paragraph (4), for "Form 27" substitute "Form 27A".

6. In regulation 22A (additional information on direct credit business accepted), for "Form 29A" substitute "Form 38" and for "Form 29B" substitute "Form 39".

7. In Schedule 1 (balance sheet and profit and loss account), for Form 15 substitute the Form 15 set out in the Schedule to these Regulations.

8. In Schedule 2 (general business: revenue account and additional information)-

(a)in the heading "GENERAL BUSINESS: REVENUE ACCOUNT AND ADDITIONAL INFORMATION (Forms 20 to 37)", for "37" substitute "39";

(b)in paragraph 1, for "37" substitute "39" and for "Forms 29 and 30" substitute "Form 30";

(c)in paragraph 11, for "Forms 24, 25, 26, 34 and 35" substitute "Forms 24, 25, 26, 29, 34, 35 and 39" and after "insurance business" insert "or reinsurance treaties";

(d)in paragraph 12, for "Forms 27 and 28" substitute "Forms 27, 27A and 28";

(e)in paragraph 13(a), for "each Form 27" substitute "each Form 27A";

(f)in paragraph 13(b), omit the words "with amounts shown on each Form 29 prepared pursuant to regulation 21 above and";

(g)in Form 27, omit the entry "Total/Category (to be specified)";

(h)after Form 27 insert Form 27A as set out in the Schedule to these Regulations;

(i)for Form 29 substitute the Form 29 set out in the Schedule to these Regulations;

(j)omit Forms 29A and 29B;

(k)after Form 37, insert Forms 38 and 39 as set out in the Schedule to these Regulations.

Regulations 7 and 8

SCHEDULE[FORM 15 IN SCHEDULE 1 AND FORMS 27A, 29, 38 AND 39 IN SCHEDULE 2 TO THE INSURANCE COMPANIES (ACCOUNTS AND STATEMENTS) REGULATIONS 1983]

Explanatory Note

(This note is not part of the Regulations)

These Regulations amend some of the forms prescribed by the Insurance Companies (Accounts and Statements) Regulations 1983 to enable information contained in the completed forms to be entered on a computer system.

The main changes are as follows-

(i)Forms 15 (Liabilities (other than Long Term business)) and 29 (General business (reinsurance accepted): Analysis in respect of non-proportional and certain proportional general business treaty reinsurance)) are replaced by new Forms 15 and 29 incorporating minor amendments;

(ii)a new Form 27A is introduced, derived from Form 27, which is to be used instead of that form for the revenue analysis of certain proportional treaty reinsurance business required by regulation 22;

(iii)Forms 29A (Credit insurance: analysis of direct business) and 29B (Credit insurance (three year accounting): analysis of direct business) are replaced by two new forms, re-numbered 38 and 39, incorporating minor amendments.