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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. (1) the reinsurance ratio; or
  2. (2) the insurance death risk capital component; or
  3. (3) the adjusted mathematical reserves.