Insurance Company – Capital Resources Requirements ISPVs
Application provision
1.1 Unless otherwise stated, this Part applies to a non-directive insurer other than a non-directive friendly society.
21.1
01/01/2016
A firm must not treat any amounts recoverable from an ISPV as reinsurance for the purposes of the calculation of:
- (1) the reinsurance ratio; or
- (2) the insurance death risk capital component; or
- (3) the adjusted mathematical reserves.