Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm; and
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 6.



Any recovery plan or finance scheme must at least include particulars or evidence concerning the following:

  1. (1) estimates of management expenses, in particular current general expenses and commissions;
  2. (2) estimates of income and expenditure in respect of direct business, reinsurance acceptances and reinsurance cessions;
  3. (3) a forecast balance sheet;
  4. (4) estimates of the financial resources intended to cover the technical provisions and the SCR and the MCR; and
  5. (5) the firm’s overall reinsurance policy.

Additional Notes

[Note: Art. 142(1) of the Solvency II Directive]