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European Communities (Life Assurance Accounts, Statements and Valuations) Regulations, 1986 [S.I. No. 437 of 1986]Introductory TextPart I Preliminary (regs. 1-4)Regulation 1 Citation.Regulation 2 Application.Regulation 3 Interpretation: General.Regulation 4 Direction by the Minister.Part II General (regs. 5-11)Regulation 5 Periodic actuarial investigation.Regulation 6 Amount of liabilities and value of assets.Regulation 7 Accounts and returns laid before Annual General Meeting.Regulation 8 Modification of Insurance Acts in relation to accounts and other documents.Regulation 9 Deposit of documents with Minister.Regulation 10 Lodging of documents; laying before Oireachtas.Regulation 11 Penalties.Part III Accounts and Statements (regs. 12-23)Regulation 12 Application.Regulation 13 Annual accounts.Regulation 14 Contents and form of accounts.Regulation 15 Revenue account.Regulation 16 Additional information.Regulation 17 Profit and loss account.Regulation 18 Balance sheet.Regulation 19 Periodic actuarial investigation.Regulation 20 Signature of documents.Regulation 21 Audit and auditors' report.Regulation 22 Certificates.Regulation 23 Transitional provisions.Part IV Determination of Liabilities (regs. 24-36)Regulation 24 Application.Regulation 25 Life assurance business.Regulation 26 Life assurance liabilities.Regulation 27 Nature and term of assets.Regulation 28 Avoidance of future valuation strain.Regulation 29 Valuation of future premiums.Regulation 30 Acquisition expenses.Regulation 31 Rates of interest.Regulation 36 No credit for profits from voluntary discontinuance.Regulation 35 Contracts not to be treated as assets.Regulation 34 Options.Regulation 33 Expenses.Regulation 32 Rates of mortality and disability.Part V Valuation of Assets (regs. 37-49)Regulation 43 Equipment.Regulation 42 Land.Regulation 41 Debts and other rights.Regulation 40 Valuation of assets and liabilities of dependants for the purposes of Article 39.Regulation 38 Application.Regulation 37 Interpretation: Part V.Regulation 44 Unlisted securities.Regulation 45 Recognised unit trusts.Regulation 46 Listed investments.Regulation 39 Shares in and debts due or to become due from dependants.Regulation 49 Assets to be taken into account only to a specified extent.Regulation 48 Other assets.Regulation 47 Life interests, reversionary interests etc.Part VI Implicit Items (regs. 50-57)Regulation 57 Hidden reserves.Regulation 56 Zillmerising.Regulation 55 Future profits: The multiplying factor.Regulation 54 Future profits: Average period left to run.Regulation 53 Future profits: Items comprising the estimated annual profit.Regulation 52 Information to be submitted.Regulation 51 Valuation.Regulation 50 Application.Part VII Reinsurance, Matching, Localisation, Documents of Title, Register (regs. 58-63)Regulation 58 Interpretation: Part VII.Regulation 59 Reinsurance.Regulation 60 Matching.Regulation 61 Localisation of assets.Regulation 62 Documents of title.Regulation 63 Register.Schedule 1 Summary of Accounts to be Completed AnnuallySchedule 2 Forms of Account and Additional Information (Forms 1 to 21)Schedule 3Schedule 3, Part 1Schedule 3, Part 2Schedule 3, Part 3Schedule 4 Abstract of Valuation Report Prepared by the Appointed Actuary (Forms 25 to 30)Schedule 5 Statement of Life Assurance Business by the Appointed Actuary (Forms 31 to 44)Schedule 6 Value of DependantsSchedule 6, Part 2 Further provisions and modifications of the regulations applicable with respect to the determination of the value of dependantsSchedule 6, Part 1 The Supplementary AmuntSchedule 7 Assets to be taken into account only to a specified extentSchedule 7, Part 4Schedule 7, Part 3Schedule 7, Part 2Schedule 7, Part 1Given underExplanatory Note
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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
Version 2 of 2

Regulation 53 Future profits: Items comprising the estimated annual profit.

Revoked from 1 January 2016

[deleted]

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