S.I. No. 202/1995 - European Communities (Non-Life Insurance Accounts) Regulations, 1995.
S.I. No. 202/1995:

EUROPEAN COMMUNITIES (NON-LIFE INSURANCE ACCOUNTS) REGULATIONS, 1995.
EUROPEAN COMMUNITIES (NON-LIFE INSURANCE ACCOUNTS) REGULATIONS, 1995.
I, RICHARD BRUTON, Minister for Enterprise and Employment, in exercise of the powers conferred on me by section 3 of the European Communities Act, 1972 (No. 27 of 1972), and for the purpose of giving effect to Council Directive No. 73/239/EEC of 24 July 1973,1 Council Directive No. 88/357/EEC of 22 June 1988,2 Council Directive No. 90/618/EEC of 8 November 1990,3 and Council Directive 92/49/EEC of 18 June 1992,4 hereby make the following Regulations:
1. These Regulations may be cited as the European Communities (Non-Life Insurance Accounts) Regulations, 1995.
2. In these Regulations—
"an authorisation" means an authorisation granted under the European Communities (Non-Life Insurance) Regulations, 1976 ( S.I. No. 115 of 1976 ), or the European Communities (Non-Life Insurance) Framework Regulations, 1994 ( S.I. No. 359 of 1994 );
"financial year" has the meaning assigned to it by section 2 of the Companies Act, 1963 (No. 33 of 1966);
"the Minister" means the Minister for Enterprise and Employment.
3. Every insurance undertaking which holds an authorisation and whose head office is either established in the State or in another country which is not a Member State of the European Union shall, in respect of the financial year in which these Regulations are made (or subsequent financial year as the Minister may direct) and in each succeeding financial year produce to the Minister an annual account covering the types of operation specified in the Schedule to these Regulations or such part of that Schedule as the Minister may from time to time direct.
(1)O.J. No. L 228, 16.8.73, p. 3.
(2)O.J. No. L 172, 4.7.88, p. 1.
(3)O.J. No. L 330, 29.11.90, p. 44.
(4)O.J. No. L 228, 11.8.92, p. 1.
4. The forms set out in the Schedule to these Regulations are in substitution for the forms of accounts specified in the Insurance Acts, 1909 to 1990, insofar as those accounts relate to an insurance undertaking which holds an authorisation.
5. (1) Subject to paragraph (3) of this Regulation, any document submitted to the Minister under these Regulations shall be lodged in the Companies Registration Office and shall there be open to inspection by any person and copies of such document may be obtained by any person on payment of such fees as the Minister may from time to time determine.
(2) Subject to paragraph (3) of this Regulation, the Minister shall at least once in each year lay before each House of the Oireachtas copies of all such documents submitted to the Minister under these Regulations in the previous year and may append to such documents any explanatory statement or commentary which the Minister thinks fit.
(3) This Regulation does not apply to forms 1, 3, 5, 6, 7, 14,15 and 16 contained in the Schedule to these Regulations.
6. Amounts entered in a form in the Schedule to these Regulations shall be to the nearest £1,000.
7. (1) An insurance undertaking which holds an authorisation shall forward to the Minister each year two copies of the accounts and returns laid before its annual general meeting.
(2) The accounts and returns referred to in paragraph (1) of this Regulation shall be forwarded not later than one month after the annual general meeting.
8. (1) An insurance undertaking which fails to comply with any provision of these Regulations shall be guilty of an offence and shall be liable on summary conviction to a fine not exceeding £1,500.
(2) Where an offence under these Regulations is committed by a body corporate and is proved to have been committed with the consent or connivance of or to be attributable to any neglect on the part of a director, manager, secretary or other person purporting to act in such capacity, such person shall also be guilty of an offence and shall be liable to be proceeded against and punished as if he were guilty of the first-mentioned offence.
9. The European Communities (Non-Life Insurance Accounts) Regulations, 1977 ( S.I. No. 401 of 1977 ), are hereby revoked.
SCHEDULE
SUMMARY OF ACCOUNTS TO BE COMPLETED ANNUALLY NON-LIFE INSURANCE BUSINESS
Returns required in respect of undertakings with their Head Office in Ireland

Returns required in respect of undertakings with their Head Office in either 1 or 2
1

2
Outside the EU

Switzerland

Form 1

Underwriting Account — One year business Gross and Net Figures

*

*

*

Form 2

Underwriting Account — One year business Net Figures

*

*

*

Form 3

Underwriting Account — Three year business Gross and Net Figures

*

*

*

Form 4

Underwriting Account — Three year business Net Figures

*

*

*

Form 5

Summary of EU Business

*

Form 6

Asset Analysis

*

*

*

Form 7

Currency Matching Analysis Net Figures

*

*

*

Form 8

Claims Settlement Analysis

*

*

*

Form 9

Statement of Method used to calculate UPR

*

*

*

Form 10

Balance Sheet

*

*

Form 11

Profit and Loss Account

*

*

Form 12

Asset/Liabilities Summary

*

*

Form 13

Employment Statistics

*

*

*

Form 14

Calculation of Solvency Margin

*

*

Form 15

Details of Reinsurance Treaties

*

*

*

Form 16

Details of Facultative Reinsurance

*

*

*

Form 17

Certificate

*

*

*

FORM NO. 1

UNDERWRITING REVENUE ACCOUNT OF _______________

£000

YEAR ENDED _________
The business on this form was written in
Ireland in respect of Irish risks:
Ireland in respect of non-Irish risks:

Outside Ireland (complete in respect of each establishment):

Membership state of establishment:__________
Total business:
Total

Accident and Health

Motor vehicle

Marine Aviation and Transit (if not included in Form 3)

Fire and other damage to property

Liability

Credit and Suretyship

Other classes(16, 17, 18)

Treaty R/I accepted
1

2

3

4

5

6

7

8

9
Gross Net

Gross Net

Gross Net

Gross Net

Gross Net

Gross Net

Gross Net

Gross Net

Gross Net
1. Opening provision
Unearned premium reserve
Additional reserve for unexpired risks
2. Premium income (direcr business and facultative reinsurance accepted)
Less
3. Closing provision
Unearned premium reserve
Additional reserve for unexpired risks
4. Earned premium income
5. Other income - (to be described)
6. Total income
7. Claims paid
8. Closing provision for outstanding claims
Reported
Not reported

Less
9. Opening provision for outstanding claims
Reported
Not reported
10. Cost of claims incurred
11. Movement in equalisation reserve
12. Commission
13. Management expenses
14. Movement in deferred acquition costs
15. Other expenditure — (to be described)
16. Total expenditure
17. Foreign exchange gain/(loss)
18. Underwriting profit/(loss)
(transferred to profit & loss A/C)
19. Investment income attributable to U/W A/C
20. Result on technical account (lines 18 + 19)
Note: The amount of gross premium income and the result of the technical account (net) for credit (Class 14) business should be disclosed as a footnote to this form.
Class 14 Credit
GPI:__________________________________
Result on technical account (net)_______________________
FORM NO. 2
UNDERWRITING REVENUE ACCOUNT OF ______________

£000
YEAR ENDED _____________
The business on this form was written in
Ireland in respect of Irish risks:
Ireland in respect of non-Irish risks:

Outside Ireland (complete in respect of each establishment):

Member state of establishment:_____________________
Total business:
Total

Accident and Health

Motor vehicle

Marine, Aviation and Transit (if not included in Form 3)

Fire and other damage to property

Liablity

Credit and Suretyship

Other classes (16, 17, 18)

Treaty R/I accepted
1

2

3

4

5

6

7

8

9
Net

Net

Net

Net

Net

Net

Net

Net

Net
1. Opening provision
Unearned premium reserve
Additional reserve for unexpired risks
2. Premium income (direct business and facultative reinsurance accepted)
Less
3. Closing provision
Unearned premium reserve
Additional reserve for unexpired risks
4. Earned premium income
5. Other income — (to be described)
6. Total income
7. Claims paid
8. Closing provision for outstanding claims
Reported
Not reported
Less
9. Opening provision for outstanding claims
Reported
Not reported
10. Cost of claims incurred
11. Movement in equalisation reserve
12. Commission
13. Management expenses
14. Movement in deferred aquisition costs
15. Other expenditure — (to be described)
16. Total expenditure
17. Foreign exchange gain/(loss)
18. Underwriting profit/(loss)
(transferred to profit & loss A/C)
19. Investment income attributable to U/W A/C
20. Result on technical account (lines 18 + 19)
FORM NO. 3
UNDERWRITING REVENUE ACCOUNT FOR MARINE AVIATION AND TRANSIT THREE-YEAR BUSINESS OF _________________
YEAR ENDED ______________
The Business on this Form was written in:

Ireland in respect of Irish Risks: Ireland in respect of Non-Irish Risks:

Outside Ireland (complete in respect of each establishment):

Total Business:

Business Transacted in the Underwriting Year 19

Business Transacted in the Underwriting Year 19

Business Transacted in Current Year 19

Income and Expenditure in 19

(The Year of Account)

Total of Columns 3, 6 and 8
Income and Expenditure in 19

(The second year preceding the Year of Account)
Income and Expenditure in 19

(The year preceding the Year of Account)
Income and Expenditure in 19

(The Year of Account)

Total of Columns 1, 2 and 3

Income and Expenditure in 19

(The year preceding the Year of Account)
Income and Expenditure in 19

(The Year of Account)

Total of Columns 5 and 6

Income and Expenditure in 19 (The Year of Account)
1.

2.

3.

4.

5.

6.

7.

8.

9.
Gross

£000
Net

£000
Gross

£000
Net

£000
Gross

£000
Net

£000
Gross

£000
Net

£000
Gross

£000
Net

£000
Gross

£000
Net

£000
Gross

£000
Net

£000
Gross

£000
Net

£000
Gross

£000
Net

£000
1. Opening Fund
2. Premium Income-Direct Business and Reinsurance accepted
3. Other Income — To be described
4. TOTAL
5. Claims Paid
6. Management Expenses
7. Other Expenditure to be described
8. Foreign Exchange Gain/(Loss)
9. Closing Fund
10. u/w Profit/(Loss) (transferred to P&L A/c)
11. TOTAL
12. Investment Income Attributable to u/w a/c
Note: Premium is Net of Commission.
FORM NO. 4
UNDERWRITING REVENUE ACCOUNT FOR MARINE AVIATION AND TRANSIT THREE-YEAR BUSINESS OF ______________ YEAR ENDED ______________
The Business on this Form was written in:

Ireland in respect of Irish Risks:

Ireland in respect of Non-Irish Risks:

Outside Ireland (complete in respect of each establishment):

Total Business:

Business Transacted in the Underwriting Year 19

Business Transacted in the Underwriting Year 19

Business Transacted in Current Year 19

Income and Expenditure in 19

(The Year of Account) Total of Columns 3, 6 and 8
Income and Expenditure in 19

(The second year preceding the Year of Account)
Income and Expenditure in 19

(The year preceding the Year of Account)
Income and Expenditure in 19

(The Year of Account)

Total of Columns 1, 2 and 3

Income and Expenditure in 19

(The year preceding the Year of Account)
Income and Expenditure in 19

(The Year of Account)

Total of Columns 5 and 6

Income and Expenditure in 19

(The Year of Account)
1.

2.

3.

4.

5.

6.

7.

8.

9.
Net

£000
Net

£000
Net

£000
Net

£000
Net

£000
Net

£000
Net

£000
Net

£000
Net

£000
1. Opening Fund
2. Premium Income-Direct Business and Reinsurance accepted
3. Other Income — To be described
4. TOTAL
5. Claims Paid
6. Management Expenses
7. Other Expenditure to be described
8. Foreign Exchange Gain/(Loss)
9. Closing Fund
10. u/w

Profit/(Loss) (transferred to P&L A/c)
11. TOTAL
12. Investment Income Attributable to u/w a/c
Note: Premium is Net of Commission.
FORM NO. 5
SUMMARY DETAILS OF EU BUSINESS
Information required by Article 40 of the European Communities
(Non-Life Insurance) Framework Regulations 1994

Name of Member State:

Type of Business:

Services
Establishment (Branch/Agency)

Class of Business

Total

Accident & Health

Motor Liability

Marine Aviation & Transit

Fire and Other Damage to Property

Liability

Credit & Suretyship

Other Classes

Gross Premiums

Gross Claims Incurred

Gross Commission

In relation to Motor Liability (excluding carrier's liability)

State

: Number of Claims Incurred in year of Account
: Average incurred cost of such Claims in year of Account
FORM NO. 6
ASSET ANALYSIS
Book value

Value per valuation of assets rules*

Assets admissible as representing T.R.s on total business

Assets in 3 localised in the EU

Assets in 3 not localised in the EU†

Assets in 2 localised in Ireland††
1.

2.

3.  %

4.  %

5.

6.
1. Property — land, buildings and other immovable property rights
2. Debts secured on land
3. Secured debts
4. Unsecured debts
5. Listed shares
6. Unlisted shares
7. Derivative instruments
8. Debts from individuals
9. Computer equipment
10. Office machinery, motor vehicles, furniture, etc.
11. Securities issued by Irish Government, municipal or public body
12. Securities issued by EU Government or public body
13. Securities issued by non-EU Government or public body
14. ( a ) Loans to or deposits with approved credit institutions
14. ( b ) Cash in hand.
15. ( a ) Interest in unit trust/UCITS as described in paragraph 9 (a), (b) and (c) of Annex III*
15. ( b ) Interest in UCITS as described in paragraph 9 (d) of Annex III*
16. Debits due from intermediaries and policyholders
17. Debits due on reinsurance
18. Value of salvage rights or subrogation rights due
19. Shares in dependent companies
20. Debts due from dependent companies
21. Deferred acquisition costs
22. Other — specify
23. Totals
Net technical reserves on total business £
Net technical reserves on risks situated in EU £
* Valuation of assets as per Annex III of the European Communities (Non-Life Insurance) Framework Regulations, 1994.
† Undertakings with their head office outside the European Union should specify the assets localised in Ireland.
†† This column is for information only.
We hereby certify that the values of the assets set out in the above statement have been ascertained at the date of this statement and are shown therein at amounts which in our belief do not exceed the true values appropriate to the headings specified.

CHAIRMAN

DIRECTOR:

MANAGING DIRECTOR/CHIEF EXECUTIVE

DIRECTOR:
FORM NO. 7
MATCHING OF ASSETS

(a)

(b)
Currency in which Insurance

Commitments are payable

(Specify)
Currency in which Technical

Reserves are held

(Specify)
Currency

e.g. IR£

Stg£

DM

Total

Currency

Total
(1) Specify percentage amount of technical reserves represented by assets denominated in ECU's if advantage has been taken of paragraph 9 of Annex IV of the European Communities (Non-Life Insurance) Framework Regulations, 1994 _______ %.
FORM NO. 8
YEAR ENDED
CLAIMS SETTLEMENT ANALYSIS

Year of Origin

Insurance Class

Total No. of Claims

Total Est. Value of Claims as of year of origin

Number of Claims

Number of Claims settled

Gross Claims payments

Gross Claims outstanding at end of year

Year of Account

Reported

IBNRS

Total

Settled in Year

To date

% to Date of Column 4

Settled in Year or on Account

To Date

% to Date of Column 18

No. of Claims

Payments on account included in Column 11

Estimated Liability at end of year

Total

Latest Estimate in Gross Liability in Gross Liability in respect of year of origin
At no Cost

At some Cost

Total

Reported Claims

IBNR

Total of Column 11 and 17

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

15.

16.

17.

18.
Notes:
1. This form should be completed in respect of Motor Vehicle, Employers Liability and Public Liability insurance business. Separate forms should be completed in respect of each establishment of an undertaking.
2. The following information should be shown as a footnote to the latest year of origin Form 8 for Motor Vehicle Business.
PROVISION FOR SHARE OF LIABILITIES TO MOTOR INSURANCE BUREAUX     £
PAYMENTS TO MOTOR INSURANCE BUREAUX    £
FORM NO. 9
CALCULATION OF UNEARNED PREMIUM RESERVE
Statement of method used to calculate UPR:

Signed:

Company:
Date:
FORM NO. 10
BALANCE SHEET OF
AS AT
NON-LIFE BUSINESS
THIS YEAR

PREVIOUS YEAR
TOTAL
TOTAL

SHARE CAPITAL

£

£

£

£
Authorised

Issued
RESERVES

General reserve

Exchange reserve

Share premium account

Profit and loss account

Capital reserve

Long term loans

Subordinated loan capital

TECHNICAL RESERVES
Unearned premium reserve (net of reinsurance)

Unearned premium reserve (gross)

Unexpired risk reserve (net of reinsurance)
Unexpired risk reserve (gross)

Outstanding claims provision (net of reinsurance)

Outstanding claims provision (gross)

Equalisation reserve

OTHER LIABILITIES AND PROVISIONS
Amount payable to reinsurers

Reinsurance deposits retained

Due to other insurers (co-insurance)

Bank loans and overdrafts

Other loans

Other creditors

Taxation

Proposed dividends
TOTAL LIABILITIES
THIS YEAR

PREVIOUS YEAR
TOTAL
TOTAL
FIXED ASSETS (at cost or valuation less depreciation)

Property — leasehold improvements

Fixtures and fittings

Motor vehicles

Other fixed assets

£

£

£

£

Investments
CURRENT ASSETS

Amounts due from brokers and agents, policyholders

Amounts due from reinsurers

Deposits retained by reinsurers

Amounts due from other insurers

Other debtors

Cash on current account and in hand and on deposit

Deferred acquisition costs

TOTAL ASSETS
We hereby certify that the values of all the Assets set forth in the above Balance Sheet have been ascertained and reviewed at the date of the Balance Sheet and are shown therein at amounts which in our belief do not exceed in the aggregate the realisable or market value of the Assets after taking into account the Investment Reserve Funds. Assets and Liabilities in foreign currencies have been converted in accordance with standard accounting practice. Mortgages and Loans included in the Balance Sheet are in our belief in the aggregate adequately secured. We further certify that no part of any Fund has been applied directly or indirectly for any purpose other than the class of business to which it is applicable.

CHAIRMAN:

DIRECTOR:

MANAGING DIRECTOR/CHIEF EXECUTIVE:

DIRECTOR:
FORM NO. 11
PROFIT AND LOSS ACCOUNT OF ________________
YEAR ENDED ________________
NON-LIFE BUSINESS
THIS YEAR ENDED 199
PREVIOUS YEAR ENDED 1999
TOTAL
TOTAL
£

£

£

£

Underwriting profit/(loss) transferred from underwriting accounts
Investment income

Profit or loss on sale of investments

Less:
Interest payable

Management expenses not charged to underwriting accounts
Profit before taxation and extraordinary items

Taxation

Profit after taxation and before extraordinary items

Extraordinary items
Profit after taxation and extraordinary items

Transfer to or from reserves

Dividends paid and proposed

Profits retained for year
Opening retained profits

Foreign exchange retranslation

Profits retained

CHAIRMAN:
DIRECTOR:

MANAGING DIRECTOR/CHIEF EXECUTIVE:
DIRECTOR:
FORM NO. 12
ASSETS/LIABILITIES — SUMMARY IN RESPECT OF BUSINESS IN REPUBLIC OF IRELAND

LIABILITIES

Technical reserves — Mat business (see Form 1 or 3)

Technical reserves — Other classes
Unearned premium reserve
Additional unexpired risk reserve
Outstanding claims
Other liabilities and provisions

ASSETS: (to be shown at current market value)
Investments
Fixed assets
Current assets
Other assets
Surplus/Deficit
FORM NO. 13
EMPLOYMENT STATISTICS NAME OF COMPANY ________________
AS AT (DATE) _________________

UNDERTAKING WITH HEAD OFFICE IN IRELAND

UNDERTAKING WITH HEAD OFFICE OUTSIDE IRELAND
In Ireland

Outside Ireland

In Ireland
Full-time staff

Part-time staff

Contract staff
FORM NO. 14
STATEMENT OF THE SOLVENCY MARGIN OF (NAME OF UNDERTAKING)
ALL ASSETS AVAILABLE TO COVER THE MINIMUM SOLVENCY MARGIN AS AT (DATE)
SCHEDULE 1
1.1 Paid up share capital of effective initial fund

_____
1.2 One half of the unpaid share capital or effective initial fund once the paid up part reaches one-quarter of the capital or fund

_____
1.3 Reserves not corresponding to underwriting liabilities
1.3.1 Statutory reserves

_____
1.3.2 Free reserves

_____ Total 1.3 _____
1.4 Carry-forward of profits
1.4.1 Balance carried forward from previous years

_____
1.4.2 Non-allocated profits in respect of the last financial period after appropriation of the balance on the profit and loss account

_____Total 1.4 _____
1.5 One-half of the possible call for supplementary contributions within the financial year (up to a limit of one-half of the solvency margin)
1.6 Preferential share capital and subordinated loan capital, securities of unspecified term up to a maximum of 50% of the margin including 25% for securities with a specified term

——
1.7 Other items (specify)

_____ Total 1.1
_____ to 1.7 _____
1.8 Intangible items (to be detailed on a separate sheet)

_____

Total Schedule 1 (sum of 1.1 to 1.7 less 1.8)

=====
FORM NO. 14
STATEMENT OF THE SOLVENCY MARGIN OF (NAME OF UNDERTAKING)
SCHEDULE 2
Note: The items in Schedule 2 may be allowed on request and subject to proof being shown to the Minister.
2.1 Hidden reserves resulting from undere-stimation of assets
Total

All assets available to cover the minimum solvency margin (sum of Schedules 1 and 2)
Items shown under Schedule 2 represent    % of the solvency margin.
AMOUNT OF THE SOLVENCY MARGIN TO BE ESTABLISHED
FIRST RESULT
£000
Note: Accounts for the latest financial year to be used.
1. Direct premiums or contributions before deducting premiums ceded through reinsurance and excluding all acceptance whether receded or not
Plus:
2. Reinsurance premiums accepted
Less:
3. Total of premiums or contributions cancelled and taxes and levies

Total 1 (1+2+3) =

Total 1 is then divided into:
(i) That portion of Total 1 which is not greater than 10,000,000 units of account (a) which in Irish pounds is equal to £ x 18% = £________
(ii) That portion of Total 1 which is greater than 10,000,000 units of account which in Irish pounds is equal to £ x 16% = £________

Total 2 (sum of (i) and (ii) and)

======

4. Net incurred claims (b) as a percentage of gross incurred claims (c) =

Notes:
( a ) Units of account

The value attaching to the unit of account shall as from 31st December each year be that of the last day of the preceding October as calculated in accordance with Statutory Instrument No. 276 of 1976 .
( b ) Net incurred claims to be taken as:

Claims arising on direct business plus claims arising on reinsurance acceptances less claims arising on reinsurance ceded.
( c ) Gross incurred claims to be taken as:

Claims arising on direct business plus claims arising on all reinsurance acceptances.
5. Relevant percentage ________%

(amount of % at 4 above or 50% whichever is the greater)

FIRST RESULT (Total 2 x percentage entered at 5 above)

£
FORM NO. 14
STATEMENT OF THE SOLVENCY MARGIN
AMOUNT OF THE SOLVENCY MARGIN TO BE ESTABLISHED
SECOND RESULT
Note: Three or seven year account.
1. Claims paid including those arising on reinsurance ceded but excluding those arising on reinsurance accepted whether re-ceded or not and including salvages effected
Plus
2. Claims paid on reinsurance acceptances including those relating to subsequent retrocessions
Plus
3. Reserve for outstanding claims, including acceptances, established at the end of the reference period
Less
4. Amount of recoveries and salvages effected
Less
5. Reserve for outstanding claims, including acceptances, established at the beginning of the reference period
6. Cost of claims during reference period = (1+2+3) - (4+5) =
7. Annual average = 1/3 or 1/7 of (6)
The annual average under 7 above is then divided into
(i) That portion of 7 above which is not greater than 7,000,000 units of account which in Irish pounds is equal to £ x 26% = £ ________
(ii) That portion of 7 above which is greater than 7,000,000 units of account which in Irish pounds is equal to £   x 23% = £ ________
Total 1 (sum of (i) and (ii) above)
8. Net incurred claims as a percentage of gross incurred claims =
9. Relevent percentage (amount of % at 8 above or 50% whichever is the greater)

SECOND RESULT (Total 1 × percentage entered at 9 above)

£_____________
FORM NO. 14
STATEMENT OF THE SOLVENCY MARGIN
OF (NAME OF UNDERTAKING)
AS AT (DATE)

SUMMARY

£

First result

£

Second result

£

Amount of margin to be established (the higher of first and second results)

=======

Total of Schedules 1 and 2

Of which items under Schedule 1 amount to

And items under Schedule 2 amount to
Signed:
Date:
Position:
(Date and signature of a responsible officer of the undertaking)
GENERAL BUSINESS — SUMMARY OF TREATY REINSURANCE BUSINESS CEDED
FORM NO. 15
COMPANY ________________________________
YEAR ENDED ________
PART 1
ACCOUNTING CLASS/RISK GROUP, AS APPROPRIATE __________________

Description of Treaty

Period covered by Treaty

Ceding Company's Maximum Net Retention or "Estimated Maximum Loss" in respect of

Total Treaty Liability (per risk) (per Event)

Cessions to Reinsurers carrying on business in Ireland

Cessions to other Reinsurers

Full details of any provision made for doubtful recoveries/bad debts from Reinsurers should be set out on a separate page. If no provision has been made, a nil entry should be recorded in this column.
Any one Risk

Any one Event

Number of Reinsurers

Premiums Payable

Number of Reinsurers

Premiums Payable

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.
£000

£000

£000

£000

£000
Note: Details of any reinsurer removed from the reporting company's reinsurance security listing during the year of account should be given in a note to this form. If no reinsurer has been deleted, this should be recorded also.
In relation to financial reinsurance the requirements in Article 14, Subarticle 3 of the European Communities (Non-Life Insurance) Framework Regulations, 1994, should be met.
GENERAL BUSINESS — SUMMARY OF TREATY REINSURANCE BUSINESS CEDED
FORM NO. 15
COMPANY ________________________________
YEAR ENDED ________
PART 2
DETAILS REQUIRED IN RESPECT OF ALL REINSURERS WHOSE PARTICIPATION EXCEEDS 5% OF TOTAL GROSS PREMIUMS CEDED

Name of all Reinsurers whose participation exceeds 5% of Gross Premiums ceded

Address of Registered Office or Principal Office if unincorporated

Controlled or non-controlled Reinsurer, i.e. is reinsurer supervised by an insurance/ reinsurance supervisory authority

Connection, if any, between the reinsurer and the reporting company

Treaty cession as % of Gross Written Premiums

Reinsurance Premiums Payable to the Reinsurer in the financial year

Debt due to the reporting company at the end of the financial year

11.

12.

13.

14.

15.

16.

17.
%

£000

£000
GENERAL BUSINESS — SUMMARY OF FACULTATIVE REINSURANCE BUSINESS CEDED

FORM NO. 16

COMPANY ________________________________

YEAR ENDED ________
ACCOUNTING CLASS/RISK GROUP, AS APPROPRIATE __________________

Name of all Reinsurers whose Liability is in excess of £100,000 per risk or per event, as appropriate

Address of Registered Office or Principal Office if unincorporated

Period covered where different from the ceding company's financial year

Controlled or non-controlled reinsurer

Connection, if any, between the reinsurer and the reporting company

Facultative cession as % of Gross Written Premiums

Total Facultative Liability (per risk) (per event)

Reinsurance Premiums payable to the reinsurer in the financial year

Debt due to the ceding company at the end of the financial year

1.

2.

3.

4.

5.

6.

7.

8.

9.
%

£000

£000

£000
Note: Where there are more than ten facultative reinsurers (whose liability is in excess of £100,000 per risk or per event) in an accounting class/risk group, a general summary should be given showing the number of such reinsurers involved and the aggregate totals for columns 6 to 9.
Details of any reinsurer removed from the reporting company's reinsurance security listing during the year of account should be given in a note to this form. If no reinsurer has been delisted, this should be recorded also.
FORM NO. 17
CERTIFICATE
Note:
A statement attesting the correctness of the information provided on all forms should be signed by a majority of the Directors of the undertaking.
A statement attesting the correctness of the information appearing on the Balance Sheet, Profit and Loss Account, Asset Analysis, Assets/Liabilities Summary (as appropriate) should be signed by the insurers auditors.
GIVEN under my Official Seal, this 20th day of July, 1995.
RICHARD BRUTON,
Minister for Enterprise and Employment.
EXPLANATORY NOTE.
This Instrument introduces new Statutory Returns, in the form set out in the Schedule hereto, which are required to be submitted by authorised non-life insurance undertakings whose head office is established in Ireland or outside the European Union. The provisions of this Instrument, which replace those of the European Communities (Non-Life Insurance Accounts) Regulations, 1977, shall apply in respect of the financial year in which the Instrument is made and all subsequent financial years. The availability of the information contained in the Schedule will enable the Minister for Enterprise and Employment to exercise his supervisory function in accordance with the provisions of the European Communities (Non-Life Insurance) Framework Regulations, 1994 ( Statutory Instrument No. 359 of 1994 ).