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Application provision

1.1 Unless otherwise stated, this Part applies to a non-directive insurer other than a non-directive friendly society.

6.1

01/01/2016

The amount of a firm’s base capital resources requirement is:

Firm category Amount
General insurance business
Liability insurer (classes 10-15) A mutual that is a Solvency I firm £2.25 million
  An insurer that is a non-Solvency I firm £280,000
  Other (including mixed insurer but excluding pure reinsurer) £3.00 million
Other insurer A mutual that is a Solvency I firm £1.5 million
  An insurer that is a non-Solvency I firm (classes 1 to 8, 16 or 18) £210,000
  An insurer that is a non-Solvency I firm (classes 9 or 17) £140,000
  Mixed insurer £3.00 million
  Other (excluding pure reinsurer) £2.00 million
Long-term insurance business
Mutual A mutual that is a Solvency I firm £2.25 million
  A mutual that is a non-Solvency I firm £560,000
Any other insurer (including a mixed insurer but excluding a pure reinsurer) £3.00 million
All business (general insurance business and long-term insurance business)  
Pure reinsurer £3.00 million

6.2

01/01/2016

If a firm falls within one or more of the descriptions of type of firm set out in 6.1, its base capital resources requirement is the highest amount set out against the different types of firm within whose description it falls.