Date-stamp loading
Version status: Repealed | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
  Version 3 of 3    

Article 45 Finite reinsurance

Repealed from 1 January 2016

1. The home Member State may lay down specific provisions concerning the pursuit of finite reinsurance activities regarding:

- mandatory conditions for inclusion in all contracts issued;

- sound administrative and accounting procedures, adequate internal control mechanisms and risk management requirements;

- accounting, prudential and statistical information requirements;

- the establishment of technical provisions to ensure that they are adequate, reliable and objective;

- investment of assets covering technical provisions in order to ensure that they take account of the type of business carried on by the reinsurance undertaking, in particular the nature, amount and duration of the expected claims payments, in such a way as to secure the sufficiency, liquidity, security, profitability and matching of its assets;

- rules relating to the available solvency margin, required solvency margin and the minimum guarantee fund that the reinsurance undertaking shall maintain in respect of f

Comparing proposed amendment...