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Term Definition Legal instruments

real estate market adjustment ratio

01/01/2016

THIS DEFINITION ONLY APPLIES TO THE INSURANCE COMPANY – CAPITAL RESOURCES REQUIREMENTS PART

means:

(1) if the ratio calculated in (a) and (b) lies between 90% and 100%, the result of 100% less the ratio (expressed as a percentage) of:

(a) the current value of the real estate index; to

(b) the average value of that real estate index over the three preceding financial years;

(2) 0%, if the ratio calculated in (1)(a) and (b) is more than 100%; and

(3) 10%, if the ratio calculated in (1)(a) and (b) is less than 90%.

Instruments