FA07/SCH11/PARA2 allows an officer to require a general insurer to provide, at its expense, a report as to whether (and the extent to which) its technical provisions exceed the appropriate amount.
The purpose of this power is discussed in GIM6540. The person appointed to make the report is discussed at GIM6560. Appeals against a notice and penalties for failure to comply with a notice are discussed at GIM6570 and GIM6580.
The report: scope and procedural issues
FA07/SCH11/PARA2 is widely drawn so that the requirement can be tailored to the particular enquiry and the scope of the notice limited so that the report addresses only the precise issues that remain to be resolved.
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