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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 15 July 2006 - onwards
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81B. Equalisation reserves for credit insurance and reinsurance business of companies.

(1) In this section -

'credit insurance risks' means risks included in class 14 of Section A of the Annex to the First Council Directive 73/239/EEC of 24 July 1973 [OJ No. L228, 16 August 1973, p.3.];

'Principal Regulations' means the European Communities (Non-Life Insurance) Regulations 1976 (S.I. No. 115 of 1976) as amended from time to time;

'Reinsurance Regulations' means the European Communities (Reinsurance) Regulations 2006 (S.I. No. 380 of 2006);

'relevant rules' means the rules as set out in point D, as inserted by Council Directive 87/343/EEC of 22 June 1987, to the Annex to the First Council Directive 73/239/EEC of 24 July 1973.

(1A) This section applies to -

(a) an insurance company whose business has at any time been, or included, business in respect of which it was required, by virtue of Regulation 24 of the Reinsurance Regulations, to establish and maintain an equalisation reserve, or

(b) an insurance company which is underwriting credit insurance risks and which is requ

Comparing proposed amendment...