Article 252 Minimum Capital Requirement: composite insurance undertakings
1. The notional life Minimum Capital Requirement and the notional non-life Minimum Capital Requirement referred to in Article 74(2) of Directive 2009/138/EC shall be calculated in accordance with paragraphs 2 to 11 of this Article.
2. The notional non-life Minimum Capital Requirement shall be equal to the following:
NMCRnl = max(NMCR(combined,nl); AMCRnl)
where:
(a) NMCR(combined,nl) denotes the notional combined non-life Minimum Capital Requirement;
(b) AMCRnl denotes the absolute floor prescribed in Article 129(1)(d)(i) of Directive 2009/138/EC and in Article 253 of this Regulation.
3. The notional combined non-life Minimum Capital Requirement shall be equal to the following:
NMCR(combined,nl) = min(max(NMCR(linear,nl); 0,25 • (NSCRnl + Addonnl); 0,45 • (NSCRnl + Addonnl))
where:
(a) NMCR(linear,nl) denotes the notional linear Minimum Capital Requirement for non-life insurance or reinsurance activity;
(b) NSCRnl denotes the notional Solvency Capital Requirement for non-life insurance or reinsurance activity;