1. The Member States shall prescribe the layout shown in Article 34 for profit and loss accounts.

2. The technical account for non-life-insurance business shall be used for those classes of direct insurance which are within the scope of. Directive 73/239/EEC and for the corresponding classes of reinsurance business.

3. The technical account for life-assurance business shall be used for those classes of direct insurance which are within the scope of Directive 79/267/EEC and for the corresponding classes of reinsurance business.

4. Member States may require or permit undertakings the activities of which consist wholly of reinsurance to use the technical account for non-life-insurance business for all their business. This shall also apply to undertakings underwriting direct non-life-insurance and also reinsurance.