The Friendly Societies (Accounts and Related Provisions) Regulations 1994

Particulars of business

28.—(1) Subject to sub-paragraph (2) below, there must be disclosed as regards both general and long term business the total gross direct insurance premiums resulting from contracts concluded by the society:

(a)in the member State of its head office;

(b)in the other member States; and

(c)in other countries.

(2) Disclosure of any amount referred to in sub-paragraph (1) above would not be required if it does not exceed 5 per cent. of total gross premiums.