Technical Provisions Community Co-Insurance Operations
Application provision
1.1 Unless otherwise stated, this Part applies to:
- (1) a UK Solvency II firm;
- (2) in accordance with Insurance General Application 3, the Society, as modified by 16; and
- (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.