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Showing 6711–6720 of 17003 articles for “Art. 150 V”
…determine prudential own funds within the meaning of Article L. 351-6 are subject to the prior approval of the Autorité de contrôle prudentiel et de résolution. The amount allocated to each item of an…
Surplus funds consist of accumulated profits which have not yet been made available for distribution to policyholders, contract beneficiaries and reinsured undertakings. These surplus funds are not co…
…they are basic own funds or ancillary own funds and on the following characteristics of permanent availability and subordination: a) The item is available, or can be called upon on demand, to absorb…
…been called up; b) Letters of credit and guarantees; c) Any other legally binding commitments received by insurance and reinsurance undertakings. In the case of a variable-contribution mutual insurer…
I.-Without prejudice to the application of the provisions of Article R. 351-23, original own funds items are included in Tier 1 original own funds for a maximum period of ten years after 1 January 201…
…purposes of this section:1° The surplus funds referred to in Article R. 351-21 are classified in level 1 ;2° Letters of credit and guarantees held in trust by an independent trustee for the benefit o…
With regard to compliance with the Solvency Capital Requirement, the eligible amounts of Tier 2 and Tier 3 elements are subject to quantitative limits. These limits are defined in Article 82 of Commis…
…ital referred to in Article L. 351-6 is made up of the following elements: 1° The excess of assets over prudential liabilities, valued in accordance with sections 1 and 2 of this chapter; 2° Subordina…
I.-Components of original own funds are classified in Tier 1 when they de facto have the characteristics mentioned in a and b of I of Article R. 351-22, taking into account the factors mentioned in II…
…f Article 69 of Commission Delegated Regulation (EU) No 2015/35 of 10 October 2014, classified in Level 1 as provided for in Article R. 351-23, in the event of non-hedging of the Solvency Capital Requ…
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