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Term Definition Legal instruments

technical provisions

01/01/2016

(1) (in the Solvency II Firms Sector) means the technical provisions established in accordance with Technical Provisions 2.1;

(2) (in the Non-Solvency II Firms Sector) means a technical provision established:

(a) for general insurance business, in accordance with Insurance Company - Technical Provisions 2.1; and

(b) for long-term insurance business, in accordance with Insurance Company - Technical Provisions 2.2.