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Technical Provisions Community Co-Insurance Operations

Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm;
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 16; and
  3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 16.

15.1

01/01/2016

In relation to Community co-insurance operations, where a firm is a leading insurer or a relevant insurer, the amount of technical provisions shall be determined according to 2 to 13.

15.2

01/01/2016

The technical provisions calculated by a firm which is a relevant insurer shall be at least equal to those determined by the leading insurer.


[Note: Art. 190 and Art. 192 of the Solvency II Directive]