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12. In the instructions for completion of Form 35 (underwriting year accounting reconciliation for gross claims and premiums for direct insurance and facultative reinsurance), after paragraph 3 insert—
“4. “Gross written premiums” refers to all amounts reported in column 99-99 of line 11 of Form 24, but only to the extent such premiums have not been reported in Form 34.”.
(13) After form 36 (currency rates) insert—
1. Where any of Forms 26 to 29 or 31, 32 or 34 contains a figure in a currency other than sterling the rate of conversion of those figures into sterling shall be stated in column 1 to this form.
2. Where the rate of conversion differs according to whether it applies to income and expenditure items or asset and liability items, the former only is to be the rate included.”.
(14) In Form 37 (equalisation provision), for “F37” substitute “R37”.
(15) In the instructions for completion of Form 37—
(a)in paragraph 1, for the words “annually accounted business” substitute “accident year business” and for the words “non-annually accounted business” substitute “underwriting year business”; and
(b)in paragraph 10, for the words “statutory equalisation provisions” substitute “equalisation provisions required by the Insurance Companies (Reserves) Regulations 1996”(1).
(16) In Form 38 (equalisation provisions technical account: accident year accounting), for “F38” substitute “R38”.
(17) In the instructions for completion of Form 38—
(a)in paragraph 1, for the words “Schedule 2c of the Insurance Companies Regulations 1994” substitute “Schedule 2C to the Insurance Companies Act 1982”(2); and
(b)in paragraph 4, after the words “line 11” insert “(or nil if line 11 is negative)”.
(18) In Form 39 (equalisation provisions technical account: underwriting year accounting), for “F39” substitute “R39”.
(19) In the instructions for completion of Form 39 (equalisation provisions technical account: underwriting year accounting)—
(a)in paragraph 1, for the words “Schedule 2c of the Insurance Companies Regulations 1994” substitute “Schedule 2C to the Insurance Companies Act 1982”;
(b)for paragraph 3 substitute—
“3. The entries at line 12 should be derived from column 99-99 of Forms 24 and 25, that in whole or in part covers the business group, as follows: line 29 on Form 24 plus line 29 less line 15 less line 24 on Form 25 less line 29 plus line 15 plus line 24 on Form 25 for the preceding financial year.”; and
(c)in paragraph 4, after the words “line 11” insert “(or nil if line 11 is negative).”
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