Solvency Capital Requirement - General Provisions Requirement to Hold Eligible Own Funds Covering the SCR

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 6 to 8; and
  3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 8.

2.1

01/01/2016

A firm must hold eligible own funds covering its SCR.


[Note: Art. 100 of the Solvency II Directive]