http://www.legislation.gov.uk/uksi/1994/1516/schedule/4/paragraph/1/made
The Insurance Companies Regulations 1994
European funding
King's Printer of Acts of Parliament
2019-11-27
INSURANCE
The Insurance Companies Act 1982 (“the Act”), which consolidated the Insurance Companies Acts 1974 and 1981, contains provision for the regulation of insurance companies. The Act incorporates provisions which implemented Council Directives 73/239/EEC (O.J. No. L228, 16.8.73, p.3) and 79/267/EEC (O.J. No. L63, 13.3.79, p.1) relating to non-life and life insurance. It has been amended inter alia by regulations made under section 2(2) of, and paragraph 2(2) of Schedule 2 to, the European Communities Act 1972 (“the 1972 Act”) to implement the provisions of Council Directives 88/357/EEC (O.J. No. L172, 4.7.88, p.1) and 90/619/EEC (O.J. No. L330, 29.11.90, p.50).
The Insurance Companies Regulations 1994
reg.44 (defns. of equity share and equity share capital)
The Insurance Companies (Amendment) Regulations 1996
reg.3(2)
The Insurance Companies Regulations 1994
reg.44(3)(b)(ii)
The Insurance Companies (Amendment) Regulations 1996
reg.3(8)
The Insurance Companies Regulations 1994
reg.44(3)(b)(iii)
The Insurance Companies (Amendment) Regulations 1996
reg.3(8)
The Insurance Companies Regulations 1994
reg.47A(3)(b)(i)
The Insurance Companies (Amendment) Regulations 1996
reg.4(2)
The Insurance Companies Regulations 1994
reg.47A(3)(b)(ii)
The Insurance Companies (Amendment) Regulations 1996
reg.4(3)
The Insurance Companies Regulations 1994
reg.47A(4)(b)(i)
The Insurance Companies (Amendment) Regulations 1996
reg.4(4)
The Insurance Companies Regulations 1994
reg.47A(4A)
The Insurance Companies (Amendment) Regulations 1996
reg.4(5)
The Insurance Companies Regulations 1994
reg.47A(5)
The Insurance Companies (Amendment) Regulations 1996
reg.4(6)
The Insurance Companies Regulations 1994
reg.48(11)
(12)
The Insurance Companies (Amendment) Regulations 1996
reg.5(3)
The Insurance Companies Regulations 1994
reg.51(lA)
The Insurance Companies (Amendment) Regulations 1996
reg.6(3)
The Insurance Companies Regulations 1994
reg.51(4)(b)
The Insurance Companies (Amendment) Regulations 1996
reg.6(4)
The Insurance Companies Regulations 1994
reg.52(1)
The Insurance Companies (Amendment) Regulations 1996
reg.7(3)
The Insurance Companies Regulations 1994
reg.52(1)
The Insurance Companies (Amendment) Regulations 1996
reg.7(4)
The Insurance Companies Regulations 1994
reg.52(1)(c)(iv)
The Insurance Companies (Amendment) Regulations 1996
reg.7(4)
The Insurance Companies Regulations 1994
reg.52(2)
(3)
The Insurance Companies (Amendment) Regulations 1996
reg.7(5)
The Insurance Companies Regulations 1994
reg.56(4)
The Insurance Companies (Amendment) Regulations 1996
reg.9(4)
The Insurance Companies Regulations 1994
reg.56(5)
The Insurance Companies (Amendment) Regulations 1996
reg.9(5)
The Insurance Companies Regulations 1994
reg.56(6)
The Insurance Companies (Amendment) Regulations 1996
reg.9(6)
The Insurance Companies Regulations 1994
reg.61(3)
The Insurance Companies (Amendment) Regulations 1996
reg.11(3)
The Insurance Companies Regulations 1994
reg.61(4)
The Insurance Companies (Amendment) Regulations 1996
reg.11(4)
The Insurance Companies Regulations 1994
Sch.10
para.15A
The Insurance Companies (Amendment) Regulations 1996
reg.13(5)
The Insurance Companies Regulations 1994
Sch.10
para.16(a)(b)
The Insurance Companies (Amendment) Regulations 1996
reg.13(6)
(7)
The Insurance Companies Regulations 1994
Sch.12 Pt.I para.2 (defn of index linked liabilities)
The Insurance Companies (Amendment) Regulations 1996
reg.14(2)
The Insurance Companies Regulations 1994
Sch.12 Pt.I para.2 (defn. of long term business amount)
The Insurance Companies (Amendment) Regulations 1996
reg.14(3)
The Insurance Companies Regulations 1994
Sch.12 Pt.I para.2 (defn of property linked liabilities)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(4)
The Insurance Companies Regulations 1994
Sch.12 Pt.I para.2 (defn. of readily realisable)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(5)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para 4(b)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(6)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para 4(c) (ii)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(7)
The Insurance Companies Regulations 1994
Sch. 12 Pt.I
para.7(c)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(8)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.9(c)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(9)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.9A
The Insurance Companies (Amendment) Regulations 1996
reg. 4(10)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.10
The Insurance Companies (Amendment) Regulations 1996
reg. 4(11)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.13
The Insurance Companies (Amendment) Regulations 1996
reg. 4(12)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.14
The Insurance Companies (Amendment) Regulations 1996
reg. 4(13)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para 16
The Insurance Companies (Amendment) Regulations 1996
reg. 4(14)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.17
The Insurance Companies (Amendment) Regulations 1996
reg. 4(15)
The Insurance Companies Regulations 1994
Sch.12 Pt.II
para.1
The Insurance Companies (Amendment) Regulations 1996
reg. 4(16)
The Insurance Companies Regulations 1994
Sch.12 Pt.II
para.11
The Insurance Companies (Amendment) Regulations 1996
reg. 4(18)
The Insurance Companies Regulations 1994
Sch.12 Pt.II
para 12
The Insurance Companies (Amendment) Regulations 1996
reg. 4(19)
The Insurance Companies Regulations 1994
reg.44 (defns. of equity share and equity share capital)
The Insurance Companies (Amendment) Regulations 1996
reg.3(2)
The Insurance Companies Regulations 1994
reg.44(3)(b)(ii)
The Insurance Companies (Amendment) Regulations 1996
reg.3(8)
The Insurance Companies Regulations 1994
reg.44(3)(b)(iii)
The Insurance Companies (Amendment) Regulations 1996
reg.3(8)
The Insurance Companies Regulations 1994
reg.47A(3)(b)(i)
The Insurance Companies (Amendment) Regulations 1996
reg.4(2)
The Insurance Companies Regulations 1994
reg.47A(3)(b)(ii)
The Insurance Companies (Amendment) Regulations 1996
reg.4(3)
The Insurance Companies Regulations 1994
reg.47A(4)(b)(i)
The Insurance Companies (Amendment) Regulations 1996
reg.4(4)
The Insurance Companies Regulations 1994
reg.47A(4A)
The Insurance Companies (Amendment) Regulations 1996
reg.4(5)
The Insurance Companies Regulations 1994
reg.47A(5)
The Insurance Companies (Amendment) Regulations 1996
reg.4(6)
The Insurance Companies Regulations 1994
reg.48(11)
(12)
The Insurance Companies (Amendment) Regulations 1996
reg.5(3)
The Insurance Companies Regulations 1994
reg.51(lA)
The Insurance Companies (Amendment) Regulations 1996
reg.6(3)
The Insurance Companies Regulations 1994
reg.51(4)(b)
The Insurance Companies (Amendment) Regulations 1996
reg.6(4)
The Insurance Companies Regulations 1994
reg.52(1)
The Insurance Companies (Amendment) Regulations 1996
reg.7(3)
The Insurance Companies Regulations 1994
reg.52(1)
The Insurance Companies (Amendment) Regulations 1996
reg.7(4)
The Insurance Companies Regulations 1994
reg.52(1)(c)(iv)
The Insurance Companies (Amendment) Regulations 1996
reg.7(4)
The Insurance Companies Regulations 1994
reg.52(2)
(3)
The Insurance Companies (Amendment) Regulations 1996
reg.7(5)
The Insurance Companies Regulations 1994
reg.56(4)
The Insurance Companies (Amendment) Regulations 1996
reg.9(4)
The Insurance Companies Regulations 1994
reg.56(5)
The Insurance Companies (Amendment) Regulations 1996
reg.9(5)
The Insurance Companies Regulations 1994
reg.56(6)
The Insurance Companies (Amendment) Regulations 1996
reg.9(6)
The Insurance Companies Regulations 1994
reg.61(3)
The Insurance Companies (Amendment) Regulations 1996
reg.11(3)
The Insurance Companies Regulations 1994
reg.61(4)
The Insurance Companies (Amendment) Regulations 1996
reg.11(4)
The Insurance Companies Regulations 1994
Sch.10
para.15A
The Insurance Companies (Amendment) Regulations 1996
reg.13(5)
The Insurance Companies Regulations 1994
Sch.10
para.16(a)(b)
The Insurance Companies (Amendment) Regulations 1996
reg.13(6)
(7)
The Insurance Companies Regulations 1994
Sch.12 Pt.I para.2 (defn. of long term business amount)
The Insurance Companies (Amendment) Regulations 1996
reg.14(3)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para 4(b)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(6)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para 4(c) (ii)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(7)
The Insurance Companies Regulations 1994
Sch. 12 Pt.I
para.7(c)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(8)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.9(c)
The Insurance Companies (Amendment) Regulations 1996
reg. 4(9)
The Insurance Companies Regulations 1994
Sch.12 Pt.I
para.9A
The Insurance Companies (Amendment) Regulations 1996
reg. 4(10)
The Insurance Companies Regulations 1994
reg.43(4)(a)rev in pt and
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.6(2)
The Insurance Companies Regulations 1994
reg.43(9)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.6(6)
The Insurance Companies Regulations 1994
reg.48(11)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.9(5)
The Insurance Companies Regulations 1994
reg.53(4)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.10
The Insurance Companies Regulations 1994
reg.55(4)(a)(v)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.11
The Insurance Companies Regulations 1994
reg.57(13A)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.12(4)
The Insurance Companies Regulations 1994
reg.57(15)(e)
(f)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.12(5)
The Insurance Companies Regulations 1994
Sch.10
para 14(a)(v)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.15(3)
The Insurance Companies Regulations 1994
Sch.10
para 16(c)(d)
The Insurance Companies (Amendment No. 2) Regulations 1994
reg.15(6)
The Insurance Companies Regulations 1994
reg.44(1) defn.of ( approved counterparty) sub-para.(b)
The Insurance Companies (Amendment) Regulations 1995
reg.2(3)
The Insurance Companies Regulations 1994
reg.44(1) defn.of ( approved counterparty) sub-para.(d)
The Insurance Companies (Amendment) Regulations 1995
reg.2(3)
The Insurance Companies Regulations 1994
reg.44(1) (defn. of counterparty)
The Insurance Companies (Amendment) Regulations 1995
reg.2(5)
The Insurance Companies Regulations 1994
reg.44(1) (defns. of debt security and deferred asquisition costs)
The Insurance Companies (Amendment) Regulations 1995
reg.2(6)
The Insurance Companies Regulations 1994
reg.44(1) (defn. of generat business amount)
The Insurance Companies (Amendment) Regulations 1995
reg.2(9)
The Insurance Companies Regulations 1994
reg.45(8)
(9)
The Insurance Companies (Amendment) Regulations 1995
reg.4(4)
The Insurance Companies Regulations 1994
reg.47A
The Insurance Companies (Amendment) Regulations 1995
reg. 5
The Insurance Companies Regulations 1994
reg.48(5A)
The Insurance Companies (Amendment) Regulations 1995
reg.6(3)
The Insurance Companies Regulations 1994
reg.48(11)
The Insurance Companies (Amendment) Regulations 1995
reg.6(7)
The Insurance Companies Regulations 1994
reg.58 (defn. of general business liabilities)
The Insurance Companies (Amendment) Regulations 1995
reg.13(2)
The Insurance Companies Regulations 1994
reg.64(3)(e)
The Insurance Companies (Amendment) Regulations 1995
reg.17
The Insurance Companies Regulations 1994
reg. 55(7)(a)(iv)
The Banking Consolidation Directive (Consequential Amendments) Regulations 2000
reg. 12(4)(c)
reg. 1
The Insurance Companies Regulations 1994
reg. 57(5)(e)
The Banking Consolidation Directive (Consequential Amendments) Regulations 2000
reg. 12(4)(d)
reg. 1
The Insurance Companies Regulations 1994
Regulations
The Financial Services and Markets Act 2000 (Consequential Amendments and Repeals) Order 2001
art. 460
art. 1
Insurance Companies Regs
SCHEDULE 4GENERAL BUSINESS SOLVENCY MARGIN: SECOND METHOD OF CALCULATION (CLAIMS BASIS)
1
In this Schedule “reference period”, in relation to an insurance company, means either—
a
the three last preceding financial years, or
b
the seven last preceding financial years if more than one-half of the gross premiums receivable (as defined in Schedule 3) in that period were in respect of all or any of the following, namely, storm (as included in general business class 8), hail (as included in general business class 9), frost (as included in general business class 9) and credit (as included in general business class 14).