Glossary
Looking for the right term then try the glossary:
| Term | Definition | Legal instruments |
|---|---|---|
|
mixed insurer 01/01/2016 |
THIS DEFINITION ONLY APPLIES TO THE INSURANCE COMPANY – CAPITAL RESOURCES REQUIREMENTS PART
means an insurer (other than a pure reinsurer) which carries on reinsurance business and where one or more of the following conditions is met in respect of its reinsurance acceptances: (1) the premiums collected in respect of those acceptances during the previous financial year exceeded 10% of its total premiums collected during that year; and (2) the technical provisions in respect of those acceptances at the end of the previous financial year exceeded 10% of its total technical provisions at the end of that year. |