Glossary

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Term Definition Legal instruments

scheme of operations

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE RUN-OFF OPERATIONS PART

means a scheme which:

(1) describes the nature of the risks which the insurer is underwriting, or intends to underwrite, and the guiding principles which it intends to follow in reinsuring or covering those risks; and

(2) contains the information required under 3.1.