Schedule 1, Part 2 Application of calculation methods
Calculations for related insurers and related reinsurers.
(1) The adjusted solvency of an insurer or a reinsurer is to be calculated in accordance with the general principles and methods prescribed by this Schedule.
(2) If the relevant insurer or reinsurer is related to more than one other insurer or reinsurer, the related insurers or reinsurers are to be treated as a single integrated unit and the adjusted solvency calculation is to be applied to that unit.
(3) If there are successive participations (for example, when an insurer or reinsurer is a participating undertaking in another insurer or reinsurer that is also a participating undertaking in an insurer or reinsurer), the adjusted solvency calculation is to be carried out at the level of each participating insurer or reinsurer that has at least one related insurer or reinsurer.