The Insurance Companies Regulations 1994 No. 1516

SCHEDULE 1 INFORMATION TO BE SUBMITTED: LONG TERM BUSINESS

PART III COMPANIES WHOSE HEAD OFFICE IS NOT IN AN EEA STATE (DIRECT BUSINESS OR BOTH DIRECT BUSINESS AND REINSURANCE)

Other information, accounts, agreements, treaties and certificates required

29.  † A certificate by the actuary of the company stating that he considers the finances of the company are sufficient—

(a) to meet the required technical reserves for its total business on both optimistic and pessimistic bases in the first three financial years following authorisation, and

(b) to provide the required margin of solvency.