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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Regulation 212 Premiums for new business

(1) Premiums for new business shall be sufficient, on reasonable actuarial assumptions, to enable a life insurance undertaking to meet all its commitments and, in particular, to establish adequate technical provisions.

(2) For that purpose, all aspects of the financial situation of a life insurance undertaking may be taken into account, without the input from resources other than premiums and income earned on them being systematic and permanent in a way that it may jeopardise the solvency of the undertaking in the long term.

Comparing proposed amendment...