Insurance undertakings to which this Part applies
1. This Part applies to an authorised insurance undertaking that is established in the State and carries on reinsurance business, but only if
(a) the total reinsurance premiums that it collects in a year exceed 10 per cent of its total income from premiums collected by it during that year, or
(b) the total reinsurance premiums that it collects in a year exceed €50,000,000, or
(c) the technical reserve resulting from its reinsurance acceptances exceed 10 per cent of its total technical reserves as at the end of a year.
Insurance undertakings to which this Part applies to establish minimum guarantee fund
2. An insurance undertaking to which this Part applies shall establish in respect of its entire business a minimum guarantee fund that complies with Schedule 2 to the Reinsurance Regulations.
What happens if amounts used for calculating required solvency margin are increased
3. If, in accordance with Article 56(c) of the Reinsurance Dir
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